Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 224 Royal St
- Year built
- 2003
- Lot size
- 1.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional 9,878 square foot retail property, situated on a one-acre lot at 224 N Royal St, offers a unique investment opportunity. Currently featuring a vacant 8,000 square foot space, previously occupied by a Family Dollar, this single-tenant building presents significant potential for a variety of businesses. Built in 2003, the Class B property boasts a single story design and ample parking with 25+ spaces. The building is equipped with 220-volt power. Its strategic location benefits from high traffic volume, enhanced by two red lights at the intersection with Lexington Street. The property is zoned B-4, allowing for a range of commercial uses. The asking price for the building is $700,000. Alternatively, the vacant space is available for lease at a monthly net-net-net (NNN) rent of $4,333.33, or $6.50 per square foot annually NNN. The property also presents the potential for development of an outparcel on additional available land. Available January 1, 2024. Inquire for lease details on suites 220 and 222.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.8122
- Latitude
- 35.6161
