23 Heritage Sq Jackson, TN 38305
- Retail space
- 24,064 SF
- 1.40 lot acres
Current Use by Public Records
- Slide & Ride II / Bar
Property Details for 23 Heritage Sq
- Year built
- 1976
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.40 lot acres
- Property size
- 24,064 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 057055O A 00102
- APU
- 057055OA00102
Description
This exceptional mixed-use property at 23 Heritage Sq, Jackson, TN, presents a compelling investment opportunity for owner-occupants or investors. Boasting a substantial 23,200 square feet, this versatile facility offers a blend of retail/showroom and warehouse space, ideally situated just one mile from Interstate 40 and Exit 82, providing convenient access to all of West Tennessee. The property sits on a 1.4-acre lot and can be subdivided into five potential flex spaces, offering significant flexibility for future tenants or uses. The layout includes approximately 15,000 square feet of showroom space, which could be further divided into three 5,000 square foot bays (approximate). In addition, there's a separate 3,200 square foot warehouse building with approximately 8,200 square feet of total warehouse space. The warehouse features 14-foot eves, roll-up door access, and a truck dock. The property benefits from three-phase power with two electric services and one water service. Currently, a bar and lounge occupies a 5,000 square foot northeast portion of the building on a month-to-month lease, generating a monthly income of $3,500. This property's prime location, ample space, and adaptable layout make it an attractive prospect for a variety of businesses and investors seeking a strong return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $395,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $420,000
- Mixed-Use
- $355,000
- Hospitality
- $445,000
- Educational
- $370,000
- Residential Income
- $340,000
- Energy
- $330,000
- Income-Based Land
- $410,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.8563
- Latitude
- 35.6572
- CBSA code
- 27180
- CBSA name
- JACKSON, TN METROPOLITAN STATISTICAL AREA