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    220-224 Royal St Jackson, TN 38305

    For Sale
    $700,000

    8,000 SF Storefront - High Traffic

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,000-square-foot storefront property, located at 220-224 N Royal Street in Jackson, Tennessee, presents a compelling investment opportunity. Built in 2004, this single-story building sits on a substantial 43,560-square-foot lot and boasts a highly desirable location with high traffic volume, enhanced by two red traffic lights. Currently vacant, this space previously housed a Family Dollar store, offering immediate potential for a variety of retail uses. The property is available for sale at $700,000. Alternatively, lease options are available for suites 220 and 222

    Property Features for 220-224 Royal St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF

    Building Details

    Year Built
    2004
    Stories
    1

    HighLights

    • 8,000 SF storefront in Jackson, TN, on a 43,560 SF lot.
    • Built in 2004.
    • High‑traffic location with two red traffic lights.
    • Currently vacant, previously a Family Dollar.
    • $700,000 sale price; lease options available for suites 220 & 222.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.7301525
    Latitude
    35.6684779

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    FAQs

    What type of property is this?
    Individual retail property - 8,000 SF Storefront - High Traffic
    Where is this individual retail property located?
    The property is located at 220-224 Royal St Jackson, TN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 8,000 SF storefront in Jackson, TN, on a 43,560 SF lot.; Built in 2004.; High-traffic location with two red traffic lights.
    Request Owner's contact information
    220-224 Royal St Jackson, TN 38305
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    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
    220-224 Royal St Jackson, TN 38305
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