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

701 N Murray St.

^$ 399,900

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Recently Listed

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.

Calling all Investors!!! This is a rare opportunity to own the only operating Laundromat in Jackson County. And as a bonus there are two attached income producing residential apartments that are currently rented. This mixed-use property is an immediate cash flow property. The laundromat has well established customers that are loyal. All of the equipment will convey to the new owner. The two 1500 sqft apartments are currently rented bringing in more monthly income. Call now to see this great property!

Commercial Active

Price

^$ 399,900

Property Type

Commercial

Taxes

^$ 1,308

Style

Business w/Residential

Year Built

1964

Town/City

Gainesboro

County/Region

Jackson

MLS | Web ID

242979

Features

General

Construction Frame Block

Heating Natural Gas

Cooling Wall/Window Unit(s)

Possession AtClosing

Roof Metal

Extras Storage

Water Supply Public Separate Meter

County Jackson

Levels 1

Status Active

Area Gainesboro City Limits TN

Directions From JCCH: To red light take a L on N Murray St. for 0.9mi property on the Left

* Excluded Features

List By

Lacy Smith

Listing Agent

Highlands Elite Real Estate Gainesboro

Broker

lacysmithrealtor@gmail.com

Affordability Calculator

$2,571

Per Month

Monthly Principal & Interest: $2,462
Monthly Property Taxes: $109
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Commerical listings in Gainesboro, TN

Average List Price ^$342,450

Percent of Sale Price 14%

About Gainesboro, TN

1,024 Population

-5% Since 2002

^$27,439 Median Income

46.28 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2633377 Elementary School

2633378 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/21/2026	$399,900		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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Upper Cumberland Association of REALTORS®.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Upper Cumberland Association of REALTORS®. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 3/31/2026.

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701 N Murray St.

Commercial Property for sale in Gainesboro, TN

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