621 Old Hickory Blvd Jackson, TN 38305
- Commercial real estate
- 0.05 lot acres
Current Use by Public Records
- Beauty World 3 / Cosmetics Store / Beauty Supply Store
- El Mezcal Grocery Store and restaurante / Grocery Store / Convenience Store
- Page Corey A / Nurse Practitioner / Registered General Nurse
- Two Sisters Bakery / Bakery
- Debra S Nash / Social Worker
Property Details for 621 Old Hickory Blvd
- Lot size
- 0.05 lot acres
- Zone code
- B5
- Property type
- Commercial real estate
- APN
- 057055 07300 005
- APU
- 5705507300005
Description
Hamilton Hills Shopping Center, located at 621 Old Hickory Blvd in Jackson, Tennessee, presents a compelling investment opportunity. This single-story, Class C retail center, built in 1971 and extensively renovated in 2023, offers 57,813 square feet of leasable space. The property is zoned B-5 and boasts six suites, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 14,000 square feet, providing flexibility for various business needs. Ample parking is available with 200 spaces. Its strategic location just off the interstate in the heart of Jackson, TN ensures high visibility and accessibility for businesses. The center's diverse tenant mix, encompassing storefront, hospitality, and retail businesses, creates a vibrant and thriving commercial environment. This property is ideal for businesses seeking a high-traffic location with excellent visibility and convenient access for customers. The recent renovations ensure modern amenities and a well-maintained property. The property is situated in Madison County, Tennessee, zip code 38305. This prime retail space offers a unique opportunity to establish or expand a business in a dynamic and accessible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,870,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,500,000
- 6.5%
- $7,330,000
- 7%
- $6,875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,995,000
- Geo Method
- $6,490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,935,000
- Retail
- $7,690,000
- Mixed-Use
- $6,005,000
- Hospitality
- $7,575,000
- Educational
- $6,450,000
- Residential Income
- $7,930,000
- Energy
- $6,100,000
- Income-Based Land
- $6,290,000
- Food Service
- $5,890,000
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.851
- Latitude
- 35.6589
- CBSA code
- 27180
- CBSA name
- JACKSON, TN METROPOLITAN STATISTICAL AREA
