Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
B4 · Jackson, TNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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