1348 Union University DrJackson, TN 38305

  • Commercial real estate
  • 12,528 SF
For Lease
$22/SF/YR View listing

Property Details for 1348 Union University Dr

Year built
2018
Property size (Sq ft)
12,528 SF
Property type
Commercial real estate
APN
057044 05042 005
APU
5704405042005

Description

This exceptional Class A retail space, located at 1348 Union University Dr, Jackson, TN 38305, offers 1,400 square feet in a 12,900 square foot building constructed in 2018. Situated on a 1-acre lot (1.5 acres total land), this single-story building boasts a prime location near Oil Well Rd, within a Planned Comm Dv zoned area (APN: 044 05042 000). The property features 10 parking spaces and 220-volt power. The space is part of a thriving retail center anchored by established businesses, ensuring high visibility and foot traffic. This is a multiple-tenancy building with a minimum divisible space of 1,400 square feet, and the maximum contiguous space available is also 1,400 square feet. The annual rent is $22.00 per square foot, triple net, with an estimated additional $4.00 per square foot annually for common area maintenance. Property taxes are $1.60 per square foot. This presents a unique opportunity to establish a presence in a high-demand area with strong existing tenants and significant growth potential. The property is conveniently located near Jackson's exclusive retailers and popular dining establishments.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,277,760
    Hospitality
    $3,002,411
    Educational
    $2,497,970
    Medical
    $2,583,880
    Retail
    $3,885,732

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.6843
Longitude
-88.8638
CBSA code
27180
CBSA name
JACKSON, TN METROPOLITAN STATISTICAL AREA

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
2022
$22,183
-
$636,520
$636,520
-
-
$1,591,300
$1,591,300

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