233 Parkstone PlJackson, TN 38305

Property Details for 233 Parkstone Pl

Year built

2020

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.73 AC

Property size (Sq ft)

4,942 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

057057 00231

APU

5705700231

Description

This exceptional Class A office building, constructed in 2020, offers 4,550 square feet of versatile space at 233 Parkstone Place in Jackson, Tennessee. The single-tenant property sits on one acre of land and boasts a prime location, just two minutes from Interstate 40, ensuring excellent accessibility and high visibility. Its strategic placement near Jackson Ball Park, numerous multi-national chain restaurants, and a grocery store provides significant advantages for businesses seeking a convenient and attractive location. The property is zoned C and features a custom build-out option, allowing for tailored spaces to meet specific business needs. The building is served by Jackson Energy Authority and is a single-story structure. The property's address is 233 Parkstone Place, Jackson, TN 38305, with the APN 057-002.31. Furthermore, its proximity to the future Great Wolf Lodge adds to its long-term investment potential. The property type is suitable for retail, office, and restaurant uses, with subtypes including executive office, coworking, medical office, creative office, and traditional office spaces. This presents a unique opportunity for a variety of businesses seeking a modern, well-located, and adaptable space in a thriving area. The building's single-tenant occupancy offers a streamlined and efficient operational environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,129,636

  6.5%

  $1,042,741

  7%

  $968,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $385,278

  Geo Method

  $385,278

• Alternative Use

  Use

  Valuation

  Residential

  $1,292,999

  Hospitality

  $1,184,380

  Educational

  $985,390

  Medical

  $1,019,279

  Retail

  $1,532,829

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6735

Longitude

-88.7804

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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