220 Royal StJackson, TN 38301

This exceptional retail property, located at 220-224 N Royal St in Jackson, Tennessee, presents a compelling value-add investment opportunity. The 9,878 square foot building, constructed in 2004, sits on a single story and is zoned B4. Currently featuring a multi-tenant occupancy of 20%, with a Family Dollar as one tenant, the property offers significant upside potential. The building consists of three units, with a lease type of Net-Net-Net (NNN). The current occupancy date is October 15, 2024. The asking price for the entire property is $700,000. The property benefits from a high-traffic location with two red lights, enhancing visibility and accessibility for businesses. While one tenant is currently operating, there is significant vacant space available for lease, presenting an opportunity to increase occupancy and rental income. The property's location in Madison County, Tennessee, zip code 38301, provides excellent access to a thriving market. Further development potential may exist with the possibility of an outparcel on additional land. This property is ideal for investors seeking to capitalize on a strong retail location with immediate income potential and long-term growth prospects. The property's current tenant has no credit rating.