418 Baltimore StJackson, TN 38301

Property Details for 418 Baltimore St

Year built

1966

Lot size

133.00 AC

Property size (Sq ft)

2,686 SF

Zone code

B4

Property type

Medical offices

Property subtype

Medical centers

APN

057078P H 01200

APU

057078PH01200

Description

This exceptional 2,500 square foot office building presents a unique opportunity for redevelopment in the heart of Jackson, Tennessee. Located at 418 E Baltimore St, the property boasts a significant advantage: a substantial parking lot on a 0.4-acre lot, a rare find in this desirable downtown area. The building's interior has been completely gutted, providing a blank canvas for a modern and efficient office space tailored to your specific needs. This presents a cost-effective approach to creating a customized workspace, eliminating the expense and disruption of demolition. The asking price of $199,999 offers a compelling investment opportunity for developers, businesses seeking a prominent location, or investors looking for a high-return project. The property's central location provides easy access to local amenities, businesses, and transportation routes, making it an ideal choice for a variety of commercial ventures. The substantial parking lot ensures ample space for employees and clients, a significant benefit in a bustling urban setting. This is a chance to acquire a prime piece of Jackson real estate with significant potential for growth and profitability. Don't miss this chance to shape the future of a key downtown location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $613,962

  6.5%

  $566,735

  7%

  $526,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,401

  Geo Method

  $209,401

• Alternative Use

  Use

  Valuation

  Residential

  $702,751

  Hospitality

  $643,716

  Educational

  $535,564

  Medical

  $553,983

  Retail

  $833,100

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6131

Longitude

-88.8155

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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