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    FOR LEASE
    Office Spaces

    118 N Church St, Jackson, TN 38301

    45,000 SF 100.5 ac lot Built 1905
    Entity Owned ~ Est. High Equity
    Property ID
    US80-0543168
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1905
    Total area 45,000 SF
    Lot 100.5 ac (4,377,780 SF)
    Zoning code B3
    APN 057078P P 01400
    UPID US80-0543168
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NAACP Jackson Madison County Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.02M
    Blend (final) Blend
    $1.47M
    Owner & transaction history
    New Century Properties And Investme
    New Century Properties And Investme
    since 2026
    Last sale
    $999,999
    3 recorded transactions
    2026
    $999,999
    2024
    2008
    Zoning & alternative use
    B3 · Jackson, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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