Renovated Mixed-Use
For Sale
Contact for pricing
1224 East Fortification Street, Jackson, MS 39202
Flexible layout includes private offices, a full bath, and an updated kitchen/breakroom.
Property Size1,264 SF
Price / SF$162.10
Days on Market58
Property Features for 1224 East Fortification Street
General Information
Standard status
Active
Size
1,264 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Road Access
Yes
Listing Agency:
Overby Commercial
Listed By:
Scott Overby, CCIM · License #MS B16124
(601) 624-8511
Source:
Crexi
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Overby Commercial
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Investment Insights
Based on property information with market context.
Located at 1224 East Fortification Street, this renovated 1,264-square-foot mixed-use property offers a practical configuration for professional office, creative workspace, or other permitted commercial uses. The interior includes multiple private rooms or offices, a full bath, and an updated kitchen/breakroom area. A detached garage adds separate storage or utility space.
The property occupies a double corner lot at East Fortification Street and Quinn Street in Jackson’s Belhaven area. It is within the Belhaven Overlay District, where residential and office use may be permitted subject to applicable regulations. The site also provides access to Belhaven Town Center, Belhaven University, Fondren, Downtown Jackson, and major thoroughfares.
The property occupies a double corner lot at East Fortification Street and Quinn Street in Jackson’s Belhaven area. It is within the Belhaven Overlay District, where residential and office use may be permitted subject to applicable regulations. The site also provides access to Belhaven Town Center, Belhaven University, Fondren, Downtown Jackson, and major thoroughfares.
Key Highlights
- 1,264‑square‑foot renovated mixed‑use property
- Double corner lot at East Fortification Street and Quinn Street
- Multiple private rooms or offices with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,813
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,260
$236.3K
Cap Rate 7%
$168,757
$168.8K
Cap Rate 9%
$131,256
$131.3K
Market Conditions
NOI Build-Up for 1,264 SF
Gross rent
$17.9K $14.16/SF
− Vacancy
−$2.1K −$1.70/SF
EGI
$15.8K $12.46/SF
− OpEx
−$3.9K −$3.12/SF
NOI
$11.8K $9.35/SF
Area
Jackson, MS
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,260
Cap Rate 7%
$168,757
Cap Rate 9%
$131,256
Alternative Uses
Best Use
Office B
$168.8K
$147.7K – $196.9K
NOI $11,813 @ 7.0% cap · market cap 5.77%
Second Best
Mixed Use
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$216.6K
$189.5K – $252.7K
NOI $15,162 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 39202, MS
7,405
Population
4,332
Households
1.7
Avg Household Size
35
Median Age
42%
College-Educated
88%
High-School Grad
3.9 sq mi
ZIP Area
1,899
Density / Sq Mi
$41,250
Median Household Income
$32,111
Median Earnings
$876
Median Rent
$211,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible layout includes private offices, a full bath, and an updated kitchen/breakroom.
Where is this mixed-use property located?
The property is located at 1224 East Fortification Street Jackson, MS.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: 1,264‑square‑foot renovated mixed‑use property; Double corner lot at East Fortification Street and Quinn Street; Multiple private rooms or offices with a full bath
