118 N Church St Jackson, TN 38301
- Office Properties & Spaces
- 45,000 SF
- 100.50 lot acres
Current Use by Public Records
- NAACP Jackson Madison County / Non-Profit Organization / Social Services Organization
Property Details for 118 N Church St
- Year built
- 1905
- Lot size
- 100.50 lot acres
- Property size
- 45,000 SF
- Zone code
- B3
- Property type
- Office Properties & Spaces
- APN
- 057078P P 01400
- APU
- 057078PP01400
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,020,000
Market price range: $1.49M - $4.19M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,500,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.8169
- Latitude
- 35.6148
- CBSA code
- 27180
- CBSA name
- JACKSON, TN METROPOLITAN STATISTICAL AREA