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    220 Royal St Jackson, TN 38301

    Sponsored
    For Sale
    $700,000

    High-traffic location, value-add opportunity

    Property size:
    9,878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 220-224 N Royal St in Jackson, Tennessee, presents a compelling value-add investment opportunity. The 9,878 square foot building, constructed in 2004, sits on a single story and is zoned B4. Currently featuring a multi-tenant occupancy of 20%, with a Family Dollar as one tenant, the property offers significant upside potential. The building consists of three units, with a lease type of Net-Net-Net (NNN). The current occupancy date is October 15, 2024. The asking price for the entire property is $700,000. The property benefits from a high-traffic location with two red lights, enhancing visibility and accessibility for businesses. While one tenant is currently operating, there is significant vacant space available for lease, presenting an opportunity to increase occupancy and rental income. The property's location in Madison County, Tennessee, zip code 38301, provides excellent access to a thriving market. Further development potential may exist with the possibility of an outparcel on additional land. This property is ideal for investors seeking to capitalize on a strong retail location with immediate income potential and long-term growth prospects. The property's current tenant has no credit rating.

    Property Features for 220 Royal St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,878 SF
    Class
    B

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Uptown Fashion Men'S Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8121953
    Latitude
    35.6158248

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, value-add opportunity
    Where is this individual retail property located?
    The property is located at 220 Royal St Jackson, TN.
    What is the asking price?
    The asking price for this property is $700,000.
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    220 Royal St Jackson, TN 38301
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    Jackson, TN 38301
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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
    220 Royal St Jackson, TN 38301
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