Historic Jackson Property with
For Sale
$500,000
423 HIGHLAND Avenue N, Jackson, TN 38301
Commercial Sale, Jackson, TN
Property Size4,362 SF
Price / SF$114.63
Days on Market489
Property Features for 423 HIGHLAND Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
COMMERCIAL
Parking
12
Security features
Security System
Elementary school district
Jackson Madison Consolidated District
Directions
Beginning at the Intersection of Old Hickory Blvd and N Highland Av- Turn Right on N Highland Av- The Office is on the Right
Standard status
Active
APN
078H R 024.00
Size
4,362 SF
Taxes and HOA fees
Tax Annual Amount
4213
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Flooring type
Carpet, Hardwood
Building materials
Brick
Roof type
Composition
Listing Agency:
CENTURY 21 Action Realty · Century 21 Real Estate
(731) 668-7700
Listed By:
Sandra Anderson Carter · License #302150
(731) 928-9535
Added: Jun 27, 2025
Changed: Oct 24
Last Checked: Oct 28 at 2:06PM
MLS# 2503105
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located in the heart of Jackson's historic district, this 4,362 sq ft brick residence, constructed in 1930, offers a blend of vintage character and versatile space. The two-story property features three full bathrooms, multiple fireplaces, and original hardwood flooring. Situated on a 0.38-acre lot, the property includes a gable/hip roof and composition shingles. The interior boasts soaring ceilings and coal/wood-burning fireplaces, along with an unfinished basement providing nearly 2,000 sq ft of potential. Zoned RG-2/H, the location is suitable for single-family, multi-family, or two-family dwellings, making it ideal for investors or those seeking a live-work space. This property is suited for a boutique office, a bed-and-breakfast, or a personal residence.
Key Highlights
- Versatile RG‑2/H zoning allows for single‑family, multi‑family, or two‑family dwellings, suitable for investors or live‑work spaces.
- Expansive 4,362 sq ft historic brick residence built in 1930 with timeless character.
- Prime location in the heart of Jackson's historic district.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,441
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,820
$908.8K
Cap Rate 7%
$649,157
$649.2K
Cap Rate 9%
$504,900
$504.9K
Market Conditions
NOI Build-Up for 4,362 SF
Gross rent
$78.5K $18.00/SF
− Vacancy
−$5.8K −$1.33/SF
EGI
$72.7K $16.67/SF
− OpEx
−$27.3K −$6.25/SF
NOI
$45.4K $10.42/SF
Area
Madison County, TN
Vacancy
7.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,820
Cap Rate 7%
$649,157
Cap Rate 9%
$504,900
Alternative Uses
Best Use
Office B
$665.0K
$581.9K – $775.8K
NOI $46,548 @ 7.0% cap · market cap 9.31%
Second Best
Mixed Use
$649.2K
$568.0K – $757.4K
NOI $45,441 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$898.2K
$786.0K – $1.05M
NOI $62,876 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
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Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Spacious 4,362 sq ft property in Jackson's historic district.
Where is this live-work space located?
The property is located at 423 HIGHLAND Avenue N Jackson, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Versatile RG‑2/H zoning allows for single‑family, multi‑family, or two‑family dwellings, suitable for investors or live‑work spaces.; Expansive 4,362 sq ft historic brick residence built in 1930 with timeless character.; Prime location in the heart of Jackson's historic district.
