104 Jefferson StRipley, TN 38063

Property Details for 104 Jefferson St

Year built

1965

Lot size

0.11 AC

Property size (Sq ft)

1,224 SF

Zone code

B3

Property type

Office properties

Property subtype

Other office properties

APN

049095A H 01500

APU

049095AH01500

Description

This well-maintained commercial office building is available for sale at $119,900. Located on a corner lot in the heart of Ripley, Tennessee's thriving town square, this property offers excellent visibility and accessibility. The building boasts a spacious and welcoming reception area, perfect for client interaction. A large private office provides a quiet and productive workspace, while a convenient restroom and small kitchen/break area cater to employee needs. The property has a rich history, having served as the home of Edward Jones Investments for many years. Currently vacant, it's ready for immediate occupancy by a new business. A key advantage of this property is its on-site parking located at the rear of the building, a rare feature for buildings situated on the town square. The building's excellent condition and prime location make it an exceptional opportunity for any business seeking a prominent presence in downtown Ripley. The building's size is not specified in the provided information. This property presents a unique chance to establish or relocate your business in a vibrant and established community. The building's history of successful occupancy speaks to its inherent value and suitability for a variety of professional uses. Its convenient amenities and desirable location combine to create a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $279,780

  6.5%

  $258,259

  7%

  $239,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,423

  Geo Method

  $95,423

• Alternative Use

  Use

  Valuation

  Residential

  $320,241

  Hospitality

  $293,339

  Educational

  $244,055

  Medical

  $252,448

  Retail

  $379,640

Location Insight

City

Ripley

County

Lauderdale

State

Tennessee

Latitude

35.7455

Longitude

-89.5311

Property Tax & Assessments

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