198 Highway 70Jackson, TN 38305

  • Retail properties
  • 2,880 SF
For Sale
$274,900 View listing

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
198 Highway 70, Jackson, Tennessee

Location Insight

City
Jackson
County
Carroll
State
Tennessee
Latitude
35.7918
Longitude
-88.6416

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$3,000
$28,040
$31,040
-
$7,500
$70,100
$77,600

FAQs

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