198 Highway 70Jackson, TN 38305

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

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.

• 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

FAQs

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