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Property summary
This historic five-story office building, located at 118 N Church St in Jackson, Tennessee, presents a unique redevelopment opportunity. Boasting 45,000 total square feet and 36,000 net rentable square feet, the property currently has four tenants with 50% occupancy. Built in 1905, this multi-tenant building features two elevators, upgraded electrical and HVAC systems (with individual mechanical rooms per floor), and multiple bathrooms on each floor. The building is zoned B-3 and is situated in a central business district opportunity zone, offering convenient access to the West Tennessee Farmers Market, The Amp, The NED, and numerous restaurants and retail establishments. The first floor, currently partially occupied, presents potential for retail redevelopment, while the second and third floors are ready for interior updates and offer significant growth potential for office space or loft apartments. The fourth floor is also partially occupied. Public parking is available. The asking price is $1,750,000, with a gross lease type and month-to-month lease options. Deed restrictions apply. This is an exceptional investment opportunity in a thriving downtown area.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B3 · Jackson, TNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B3 in Jackson, TN.
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