701 N Murray St Gainesboro, TN ^$ 350,000

701 N Murray St

^$ 350,000

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701 N Murray St

Gainesboro, TN, 38562

^$ 350,000

Bedrooms-- Baths-- Sq 4,000

Monthly Estimate*

^$ 2,210

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Commercial Property for sale in Gainesboro, TN

for $350,000. This 4,000 square foot building was built in 1964 on a lot size of 0.21.

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 Pending

Price

^$ 350,000

Property Type

Commercial

Taxes

^$ 0

Style

Mixed Use

Lot Size

0.21

Year Built

1964

Town/City

Gainesboro

County/Region

Jackson

MLS | Web ID

3155940

Features

General

Possession Close Of Escrow

Roof Metal

Zoning commercial

Security Features Security System

Year Built 1964

Property Subtype Mixed Use

County Jackson County TN

Property Type Commercial Sale

Status Under Contract - Not Showing

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

City Gainesboro

Lot Size Units Acres

Property Attached Y/N N

Building Area Units Square Feet

Standard Status Pending

Exterior

Total Parking 0

Lot Size Area 0.21

Building Area Total 4000

Lot Size Acres 0.21

Lot Size Source Calculated from Plat

Waterfront Y/N N

Interior

Air Conditioning Y/N N

Heating Y/N N

Internal Only

Street Number 1 701

* Excluded Features

List By

Highlands Elite Real Estate

Broker

lacysmithrealtor@gmail.com

Affordability Calculator

$2,210

Per Month

Monthly Principal & Interest: $2,210
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$271,363

Percent of Sale Price 22%

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.

245588 Elementary School

245705 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/19/2026	$350,000	-12.48%	Price Down
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 $350,000 with 4,000 sqft and a lot size of 0.21. 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 6.49% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of RealTracs Solutions. Real estate listings held by firms other than Weichert Realtors are marked with the Internet Data Exchange logo or thumbnail logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/5/2026.

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701 N Murray St

Commercial Property for sale in Gainesboro, TN

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