1751 Vann DrJackson, TN 38305

  • Other commercial real estate
  • 21,150 SF
For Sale
$3,500,000 View listing

Property Details for 1751 Vann Dr

Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.91 AC
Property size (Sq ft)
21,150 SF
Zone code
SC1
Property type
Other commercial real estate
APN
057055 05601
APU
5705505601

Description

This exceptional Class A mixed-use property, located at 1751 Vann Drive in Jackson, Tennessee, presents a compelling investment opportunity. The 20,582 square foot, single-story building sits on a prominent site in Jackson's premier retail corridor, boasting high visibility and accessibility. Currently at 25% occupancy, this multi-tenant building offers significant upside potential. The property features a flexible layout, with leasable spaces ranging from 3,035 to over 17,000 square feet, catering to diverse business needs. Its strategic location at the intersection of Interstate 40 and Highway 412, between exits 79 and 80, ensures exceptional exposure to a high volume of traffic (50,000 vehicles per day on I-40 and 20,000 on Hwy 412). The property is zoned SC-2 and benefits from its proximity to major metropolitan areas, being just 80 miles east of Memphis and 120 miles west of Nashville. Furthermore, its location is only 45 miles east of Ford's Blue Oval City, a significant economic driver for the region. This turnkey investment offers a rare chance to acquire a well-positioned, multi-use asset in a rapidly growing market. The asking price is $3,500,000, with a price per square foot of $170.05 based on 17,280 net rentable square feet. The property is offered as a NNN lease. This is a truly unique opportunity to capitalize on the vibrant growth of Jackson, Tennessee.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,533,575
    Hospitality
    $5,068,725
    Educational
    $4,217,120
    Medical
    $4,362,153
    Retail
    $6,559,964
1751 Vann Dr, Jackson, Tennessee

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.659
Longitude
-88.8731
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
$29,724
$275,040
$577,880
$852,920
-
$687,600
$1,444,700
$2,132,300

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