1328 Highland AveJackson, TN 38301

Property Details for 1328 Highland Ave

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

11.80 AC

Property size (Sq ft)

59,568 SF

Zone code

SC1

Property type

Retail space

APN

057100I E 01004

APU

057100IE01004

Description

This exceptional 21,479 square foot commercial property, located at 1328 S. Highland Ave in Jackson, Tennessee (zip code 38301), presents a unique opportunity for a variety of businesses. Situated in a prime South Jackson retail hub, this single-tenant space offers a versatile layout suitable for medical offices, creative offices, traditional offices, coworking spaces, or executive offices. The property boasts a comprehensive array of modern amenities, including all-new LED lighting throughout, significantly reducing energy costs and enhancing the workspace ambiance. Multiple private offices provide ample space for individual work or team collaboration. Accessibility is ensured with newly installed, ADA-compliant facilities, featuring automatic restroom doors for convenience and inclusivity. A large, well-equipped kitchen/break room offers a comfortable space for staff breaks and informal gatherings. The lease terms are Net, Net, Net (NNN) with a minimum lease term of five years. This property is ideally suited for businesses seeking a modern, functional, and conveniently located space in a thriving commercial area. The property is classified as Retail, Office, and Special Purpose. Madison County location offers easy access to major transportation routes and a strong local workforce.

• CAP approach

  CAP return

  Valuation

  6%

  $20,015,490

  6.5%

  $18,475,836

  7%

  $17,156,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,702,682

  Geo Method

  $11,702,682

• Alternative Use

  Use

  Valuation

  Residential

  $15,585,059

  Hospitality

  $14,275,830

  Educational

  $11,877,323

  Medical

  $12,285,803

  Retail

  $18,475,836

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.5774

Longitude

-88.813

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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