2021 Highland AveJackson, TN 38305

Property Details for 2021 Highland Ave

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

42.00 AC

Property size (Sq ft)

60,559 SF

Zone code

SC1

Property type

Retail properties

Property subtype

Super regional malls

APN

057055M E 00200

APU

057055ME00200

Description

Old Hickory Mall, located at 2021 N Highland Avenue in Jackson, Tennessee, offers a diverse range of office spaces for lease. This prominent retail center, situated conveniently off I-40 on Route 45 between Memphis and Nashville, boasts a total of 538,641 square feet. The property, originally built in 1967 and renovated in 1993, provides ample parking with 2,812 spaces. Currently, one retail space of 3,202 square feet is available. The building's diverse tenant mix includes national and local brands, as well as fast-casual dining establishments. The property is classified as Retail, Office, and Restaurant, and the available space is suitable for various office uses, including Executive Office, Coworking, Medical Office, Creative Office, and Traditional Office. Located in Madison County, Tennessee, zip code 38305, this property presents a unique opportunity for businesses seeking a high-visibility location with convenient access to major transportation routes. The property's established tenant base and strong location make it an attractive option for a variety of businesses. Contact us to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $20,348,476

  6.5%

  $18,783,208

  7%

  $17,441,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,897,373

  Geo Method

  $11,897,373

• Alternative Use

  Use

  Valuation

  Residential

  $15,844,339

  Hospitality

  $14,513,329

  Educational

  $12,074,920

  Medical

  $12,490,195

  Retail

  $18,783,208

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6567

Longitude

-88.8307

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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