501 Jackson StTullahoma, TN 37388

  • Healthcare properties
  • 1,824 SF
For Sale
$279,900 View listing

Property Details for 501 Jackson St

Year built
1976
Lot size
0.14 AC
Property size (Sq ft)
1,824 SF
Zone code
C1
Property type
Healthcare properties
Property subtype
Medical offices
APN
016124J G 01700
APU
016124JG01700

Description

This exceptional commercial property presents a rare opportunity for development in the thriving city of Tullahoma, Tennessee. The offering encompasses two contiguous parcels, totaling 0.39 acres, providing ample space for a variety of commercial ventures. The property's strategic location at the corner of South Jackson Street and West Volney Street offers excellent visibility and accessibility, ensuring high traffic exposure for any business. The combined tax IDs for the parcels are 127C C 021.00 (501 S Jackson St) and 127C C 012.00 (105 W Volney St). This prime corner lot configuration, coupled with convenient side street access, makes it an ideal site for a wide range of commercial uses. The land is currently undeveloped, presenting a blank canvas for a new construction project tailored to specific business needs. The asking price for this exceptional opportunity is $279,900. Don't miss this chance to secure a highly desirable commercial property in a rapidly growing area. Serious inquiries are encouraged to explore the potential of this exceptional development site. The property is ready for immediate development, offering a streamlined path to establishing a successful business in a vibrant community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $385,784
    6.5%
    $356,108
    7%
    $330,672
  • Comparable approach

    Method
    Valuation
    Relative Method
    $297,111
    Geo Method
    $355,789
  • Alternative Use

    Use
    Valuation
    Residential
    $441,574
    Hospitality
    $404,480
    Educational
    $336,522
    Medical
    $348,096
    Retail
    $523,479
501 Jackson St, Tullahoma, Tennessee

Location Insight

City
Tullahoma
County
Coffee
State
Tennessee
Latitude
35.3657
Longitude
-86.2154
CBSA code
46100
CBSA name
TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,263
$21,640
$59,760
$81,400
-
$54,100
$149,400
$203,500

FAQs

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