198 Highway 70Jackson, TN 38305
- Retail properties
- 2,880 SF
Property Details for 198 Highway 70
- Year built
- 1998
- Construction
- FRAME
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 2,880 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 009176 03400
- APU
- 917603400
Description
This exceptional mixed-use property, located at 198 Hwy 70 E in Jackson, Tennessee, presents a rare investment opportunity. The property encompasses one acre of land and features a building with one square foot of space. The versatility of this mixed-use zoning allows for a wide range of potential uses, making it an ideal investment for both seasoned and emerging investors. The strategic location on Highway 70 East ensures high visibility and accessibility, attracting a substantial volume of traffic. This translates to significant potential for rental income or business operations. The property's current configuration offers a blank canvas for creative redevelopment, allowing for customization to suit specific business needs. The asking price of $279,900 represents a compelling value proposition in the current market, considering the property's prime location and development potential. This is a chance to acquire a highly sought-after mixed-use asset in a thriving Tennessee community. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. The property is being sold as-is. Further due diligence is recommended.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $967,711
- 6.5%
- $893,272
- 7%
- $829,467
-
Comparable approach
- Method
- Valuation
- Relative Method
- $565,802
- Geo Method
- $565,802
-
Alternative Use
- Use
- Valuation
- Residential
- $753,508
- Hospitality
- $690,209
- Educational
- $574,246
- Medical
- $593,995
- Retail
- $893,272
Location Insight
- City
- Jackson
- County
- Carroll
- State
- Tennessee
- Latitude
- 35.7918
- Longitude
- -88.6416
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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