80 Innsdale Cv Jackson, TN 38305-3920
- Commercial real estate
- 14,400 SF
- 1.50 lot acres
Jun 01, 2022
Current Use by Public Records
- Woodstock Bakery and Co., LLC / Bakery / Specialty Food Shop
- Republic Finance / Loan Service
- Terracon Consultants, Inc. / Engineering Consultant
- Roofing Jackson / Roofing Company / General Contractor
Property Details for 80 Innsdale Cv
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.50 lot acres
- Property size
- 14,400 SF
- Zone code
- SC1
- Property type
- Commercial real estate
- APN
- 057055D D 01102
- APU
- 057055DD01102
Description
This exceptional retail space, located at 80 Innsdale Cv Suite J, offers 1,200 square feet of versatile commercial space within a larger 12,400 square foot building. Situated on a 1.5-acre lot, this single-tenant property boasts a convenient location with excellent visibility. Built in 2005, the building features a single story design and ample parking with 70 spaces available. The property is zoned SC 1 Planned Commercial, allowing for a variety of retail or service businesses. The space is currently vacant, presenting a unique opportunity for a new tenant. The base rent is $1650 per month, with utilities the responsibility of the tenant. A flexible lease term is available, with a 3-year lease currently being offered at this price. This makes it an ideal location for a startup or an established business seeking increased visibility. A paint allowance is included with the lease. The property benefits from a strong tenant mix in the surrounding area, including a bakery, other retail businesses, financial institutions, professional offices, and health and wellness services. The cross street is Vann Drive, providing additional access and exposure.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,780,000
- ML approach
- $1,780,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,500,000
- 6.5%
- $2,310,000
- 7%
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,754,000
- AI Estimate
- $1,500,000
Market price range: $822k - $3.09MMarket price range: $654k - $2.69M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,830,000 Current use
- MEDICAL BUILDING
- $2,745,000 Change: +50% Conversion: Easy
- RETAIL STORES
- $1,780,000 Change: -3% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.8327
- Latitude
- 35.6711
- CBSA code
- 27180
- CBSA name
- JACKSON, TN METROPOLITAN STATISTICAL AREA