240 Maddox Rd Jackson, MS 39212
- Investment properties
- 2,344 SF
- 0.99 lot acres
Current Use by Public Records
- Investment properties
Property Details for 240 Maddox Rd
- Year built
- 1985
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.99 lot acres
- Property size
- 2,344 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 0835 0097 003
- APU
- 8350097003
Description
This exceptional commercial property, situated at 240 Maddox Road in Jackson, Mississippi, presents a unique investment opportunity. The 2,600 square foot building sits on a spacious 1.02-acre lot, providing ample room for future expansion and development. The property boasts a strategic location, just 0.2 miles from Highway 18 and 2 miles from I-20, ensuring convenient access to major transportation arteries. The building comprises 1,600 square feet of well-appointed office space, featuring a practical kitchenette, a bathroom, and 10-foot drop-down ceilings, creating a functional and modern workspace. In addition to the office area, the property includes approximately 723 square feet of warehouse space, strategically divided into zones with ceiling heights ranging from 10 to over 12 feet, accommodating diverse storage and operational needs. A substantial 10' x 10' loading door facilitates easy access for large deliveries, including 18-wheeler trucks. The property also features a large parking lot, providing ample space for employees and clients. C-2 zoning allows for a variety of commercial uses, making this property an ideal choice for businesses seeking flexibility and growth potential. This combination of office and warehouse space, coupled with its prime location and ample land, makes this property a highly desirable investment. The asking price is $220,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $210,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $345,000
- 6.5%
- $315,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $170,000
Market price range: $86.2k - $266k
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.2835
- Latitude
- 32.2703
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA