Property profile

220-224 Royal St Jackson, TN 38301

OFF-MARKET
Retail space
Property ID
US80-1243553
10,118 SF 365 ac lot Built 2004
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 220-224 N Royal Street in Jackson, Tennessee, presents a significant investment opportunity. Boasting a generous 8,000 square feet of space, this property sits on a one-acre lot, offering ample room for expansion or outdoor amenities. Its prime location on North Royal Street ensures high visibility and accessibility for customers, placing it within a bustling commercial district. The building's substantial size is ideal for a variety of retail uses, from large-format stores to multiple smaller tenants. The asking price of $700,000 reflects the property's strong potential for return on investment. This is a rare opportunity to acquire a well-situated, sizable retail space in a thriving Tennessee market. The property's substantial size and prominent location make it an attractive prospect for businesses seeking to establish or expand their presence in Jackson. Serious inquiries are encouraged to explore the possibilities this property offers. The one-acre lot provides significant flexibility for future development or expansion, adding further value to this already compelling investment. Don't miss this chance to secure a prime retail location in a dynamic and growing city.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction FRAME
Total area 10,118 SF
Lot 365 ac (15,899,400 SF)
Zoning code B4
APN 057078O A 00100
UPID US80-1243553

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

220-224 Royal St Jackson, TN 38301
Jackson metro Census 800 JACKSON, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$794k
Blend (final) Blend
$240k

Owner & transaction history

since 2014
4 recorded transactions
2014
Price N/A
2003
$60,000
2003
Price N/A
1969
Price N/A

Zoning & alternative use

B4 · Jackson, TN
Top alternative use upside
Auto repair, garage $895,000 +22.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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