216 Fairground St Jackson, TN 38301
This exceptional 10,890 square foot lot presents a remarkable opportunity in the heart of Jackson, Tennessee. Located just two blocks south of the University of Memphis Lambuth Campus, this build-ready lot offers unparalleled convenience and accessibility. Its prime location places it within easy walking distance of vibrant downtown attractions, including the Jackson Walk, Farmers Market, The AMP, and Hub City Brewing. The property's dual commercial and residential zoning allows for diverse development options, making it ideal for both long-term and short-term rental investments or for building and reselling. All utilities are readily available, simplifying the construction process. Priced competitively at $19,900, this lot represents an excellent investment in a thriving and dynamic urban setting. The address is 216 N Fairground Street, Jackson, TN 38301, situated in the desirable LANA neighborhood of Madison County. This is a rare chance to acquire a highly desirable lot in a rapidly growing area, offering significant potential for future appreciation. Don't miss this chance to secure a piece of Jackson's vibrant downtown.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.