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385 North Parkway 385 N Parkway 1,092 SF Retail Building Jackson, TN 38305 $477,029 CAD ($436.84 CAD/SF)
Investment Highlights
- Value-Add / Redevelopment Opportunity - Opportunity to acquire below replacement cost and create value through repositioning, or redevelopment.
- High-Traffic Retail Corridor Location - Positioned along heavily traveled North Parkway in Jackson, TN, surrounded by established retail and services.
- Ample Parking & Easy Access - Generous parking ratio with strong ingress and egress enhances functionality for owner-users or tenants.
- Existing Drive-Thru Infrastructure - Purpose-built facility featuring drive-thru lanes, vault, existing commercial layout, and ample parking.
- Adaptive Reuse Potential - Ideal for conversion to medical office, urgent care, professional showroom, financial services, or specialty retail.
- Prime 0.79-Acre Commercial Site - Large 0.79-acre parcel along North Parkway offering strong visibility, accessibility, and long-term land value.
Executive Summary
385 North Parkway represents a strategic commercial redevelopment opportunity positioned on one of Jackson’s most dynamic traffic corridors. With exceptional vehicular exposure and flexible zoning, this location is primed for a range of commercial uses: from medical office and professional services to retail and mixed-use redevelopment. This offering is ideal for institutional investors and developers with a clear execution strategy and long-term capital horizon.
The property provides investors with a unique opportunity to acquire a standalone, single-tenant pad featuring a three-lane drive-thru at Jackson’s most prominent intersection, which sees over 62,000 vehicles per day and offers quick access to I-40. Licensed with OC zoning and equipped with cross-access easements, this site is suitable for both restaurant reuse and long-term redevelopment.
The property provides investors with a unique opportunity to acquire a standalone, single-tenant pad featuring a three-lane drive-thru at Jackson’s most prominent intersection, which sees over 62,000 vehicles per day and offers quick access to I-40. Licensed with OC zoning and equipped with cross-access easements, this site is suitable for both restaurant reuse and long-term redevelopment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,092 SF
Building Class
C
Year Built
1992
Price
$477,029 CAD
Price Per SF
$436.84 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
OC - Office Center District/ Commercial Development Opportunity
Nearby Major Retailers
Property Taxes
| Parcel Number | 066K-A-010.04 | Improvements Assessment | $84,013 CAD |
| Land Assessment | $94,896 CAD | Total Assessment | $178,909 CAD |
Property Taxes
Parcel Number
066K-A-010.04
Land Assessment
$94,896 CAD
Improvements Assessment
$84,013 CAD
Total Assessment
$178,909 CAD
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