For Sale
$1,900,000

31 Physicians Dr Jackson, TN 38305

Class A Medical Office, 8,585 SF, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A medical office building, located at 31 Physicians Drive in Jackson, Tennessee, presents a unique investment opportunity. Boasting 8,585 square feet on a 0.92-acre lot, this single-story building was constructed in 1993 and extensively renovated in 2008. Currently vacant, the property is zoned B-1 Professional Office and offers a flexible layout ideal for a large medical practice or shared occupancy by multiple physicians. The interior features a custom open reception area with two large desks, two administrative offices, two nurse stations with support areas, twelve exam rooms with water and shared bathrooms, a procedure room, a conference room, two private doctor offices with bathrooms, and ample secure storage. The building is situated a quarter-mile from a hospital, providing convenient access for patients and staff. The seller will consider a lease at $23.00 NNN, with a minimum five-year term, subject to credit approval and restrictive covenants. The property is available for purchase at $1,900,000. The current tenant vacates at the end of November 2024, with occupancy available December 1, 2024. The building comprises 7,214 square feet on the ground floor and 1,371 square feet of finished space upstairs. The property is offered as an owner/user investment opportunity. Some restrictions may apply per restrictive covenants. APN: 044J A 004.00.

Highlights

  • 8,585 SF Class A medical office building on a 0.92-acre lot in Jackson, TN.
  • Currently vacant, available December 1, 2024.
  • Zoned B-1 Professional Office, ideal for a large medical practice or multiple tenants.
  • Features 12 exam rooms, procedure room, multiple offices, and ample storage.
  • Located a quarter-mile from a hospital.
  • Offered at $1,900,000; owner will consider a $23.00 NNN lease (minimum 5-year term, subject to credit approval and restrictive covenants).

Property Details for 31 Physicians Dr

Property type
Office properties, Medical offices
Square Feet
8,585 SF
Class
A
Year Built/Renovated
1993/2008
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF
Units
1

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.6830233
Longitude
-88.8517968

FAQs

What type of property is this?
Office property - Class A Medical Office, 8,585 SF, Vacant
Where is the office property located?
The property is located at 31 Physicians Dr Jackson, TN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8,585 SF Class A medical office building on a 0.92-acre lot in Jackson, TN.; Currently vacant, available December 1, 2024.; Zoned B-1 Professional Office, ideal for a large medical practice or multiple tenants.
How can I contact the broker?
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31 Physicians Dr
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