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    Property profile & analytics
    OFF-MARKET Estimated value $885,000
    Retail space

    220-224 Royal St, Jackson, TN 38301

    10,118 SF 365 ac lot Built 2004
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US80-1243553
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $794k
    Blend (final) Blend
    $885k
    Owner & transaction history
    Chin Gu Partners · 12 yrs held
    Chin Gu Partners
    since 2014
    4 recorded transactions
    2014
    2003
    $60,000
    2003
    1969
    Zoning & alternative use
    B4 · Jackson, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $895,000 +22.2%
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