385 N Parkway - Bank FOR SALE


Jackson, TN 38305
$350,000 USD
202-280-2722
385 N Parkway, Jackson, TN for Sale
$350,000 USD
Bank - FOR SALE
1/8
null | Request Cap Rate

385 N Parkway
Jackson, TN 38305


HIGHLIGHTS

  • Value-Add / Redevelopment Opportunity - Opportunity to acquire below replacement cost and create value through repositioning, or redevelopment.
  • Existing Drive-Thru Infrastructure - Purpose-built facility featuring drive-thru lanes, vault, existing commercial layout, and ample parking.
  • High-Traffic Retail Corridor Location - Positioned along heavily traveled North Parkway in Jackson, TN, surrounded by established retail and services.
  • Adaptive Reuse Potential - Ideal for conversion to medical office, urgent care, professional showroom, financial services, or specialty retail.
  • Ample Parking & Easy Access - Generous parking ratio with strong ingress and egress enhances functionality for owner-users or tenants.
  • Prime 0.79-Acre Commercial Site - Large 0.79-acre parcel along North Parkway offering strong visibility, accessibility, and long-term land value.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

385 North Parkway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Fast Food, Office/Residential, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

OC

APN/PARCEL ID

066K-A-010.04

ASK ABOUT THIS PROPERTY

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202-280-2722

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Greysteel AdminGreysteel HoldingsMore Info
202-280-2722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.