701 N Murray St Gainesboro, TN $ 399,900
701 N Murray St
$ 399,900
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701 N Murray St

Gainesboro, TN, 38562
$ 399,900
Bedrooms-- Baths-- Sq 4,000

Monthly Estimate*

$ 2,462

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Commercial Property for sale in Gainesboro, TN

for $399,900. This 4,000 square foot building was built in 1964.

Excellent investment opportunity featuring a fully operational laundromat and two attached, income-producing residential apartments! Located within the Gainesboro city limits, this 4,220 sq. ft. mixed-use property with 10-foot ceilings offers diversified, active revenue streams and immediate cash flow from both commercial and residential components. The laundromat is well-established with a loyal, local customer base, and all laundry equipment is owned and conveys with the sale—providing a true turnkey opportunity. The two apartments are currently rented, delivering consistent monthly residential income. Built in 1964, this property is ideally suited for an owner-operator or investor seeking dependable income with long-term upside.

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Commercial Active

Price

$ 399,900

Property Type

Commercial

Taxes

$ 1,309

Style

Business w/Residential

Year Built

1964

Town/City

Gainesboro

County/Region

Jackson

MLS | Web ID

240874

Features
General
Construction Block
Heating Natural Gas
Cooling Wall/Window Unit(s)
Possession AtClosing
Roof Metal
Parking Paved Unpaved On Street
Extras Handicap Access Laundry Living Quarters Restrooms Smoke Detectors Storage
Water Supply Public
County Jackson
Levels 1
Status Active
Area Gainesboro City Limits TN
Directions From Jackson County Courthouse Go East on E. Hull Ave/TN-53. Turn left onto N Murray St. go North for 0.9 Miles 701 N. Murray is on the left.
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* Excluded Features
List By
Forrest Green

Listing Agent

Creekside Realty

Broker

forrestgreen@hotmail.com

Email

Affordability Calculator

$2,571
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$109
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2633377 Elementary School
2633378 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$399,900 -20.00% Price Down
12/2/2025$499,900 Listed Price

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701 N Murray St, Gainesboro, TN, 38562 is a Commercial Property for sale at $399,900 with 4,000 sqft. 701 N Murray St was built in 1964. The property's zip code is 38562 which is in Gainesboro, TN