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    23 Heritage Sq Jackson, TN 38305

    Sponsored
    For Sale
    $950,000

    High-traffic storefront, flexible space, great location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a prime 23,200 square foot retail and warehouse property located at 23 Heritage Square in Jackson, Tennessee, zip code 38305. The property, built in 1976, consists of two single-story buildings zoned B-4, offering significant flexibility for a variety of uses. The space is ideally suited for an owner-occupant or investor seeking a high-traffic location just one mile from Interstate 40 and Exit 82, providing convenient access to all of West Tennessee. The property features approximately 15,000 square feet of showroom space, potentially subdividable into three 5,000 square foot bays, and an 8,200 square foot warehouse. The warehouse boasts 14-foot eves, roll-up door access, and a truck dock within a 3,200 square foot section. Currently, a month-to-month tenant occupies a 5,000 square foot bar and lounge in the northeast portion of the property, generating a monthly gross income of $3,500. This versatile property presents a compelling investment opportunity with strong potential for future growth and income generation. The asking price is $950,000.

    Property Features for 23 Heritage Sq

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1976
    Buildings
    2
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Slide & Ride II Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8563613
    Latitude
    35.6570525

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic storefront, flexible space, great location.
    Where is this individual retail property located?
    The property is located at 23 Heritage Sq Jackson, TN.
    What is the asking price?
    The asking price for this property is $950,000.
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    23 Heritage Sq Jackson, TN 38305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Heritage Sq Jackson, TN 38305
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