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    3501 Terry Rd Jackson, MS 39212

    Sponsored
    For Sale
    $750,000

    Prime Terry Road location, multi-tenant retail space.

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-maintained, multi-tenant retail center ideally situated on Terry Road in Jackson, Mississippi. The property, encompassing 20,000 square feet across three single-story buildings, boasts a desirable C3 zoning designation. Constructed in 1990 and renovated in 2010, the center offers a blend of established character and modern updates. Currently operating at 75% occupancy with a gross lease structure, the property features a remaining lease term of 5 years. The asking price is $750,000, representing a compelling $37.50 per square foot and an attractive 8.00% capitalization rate. The property's location at 3501 Terry Rd, Jackson, MS 39212 (APN 626-78-1) ensures high visibility and accessibility within a thriving commercial corridor. This is an excellent opportunity for investors seeking a stable, income-generating asset in a strong Mississippi market. The property's solid history, combined with its strategic location and current occupancy rate, makes it a highly attractive investment prospect. Further details are available upon request.

    Property Features for 3501 Terry Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1990/2010
    Buildings
    3
    Stories
    1

    HighLights

    • Asking Price: $995,000 - $1,100,000
    • Price Per Square Foot: $49.75 - $55
    Property Profile Location Intelligence

    Current Use by Public Records

    Interstate Blood Bank Blood Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.225484444338
    Latitude
    32.251346036029

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    FAQs

    What type of property is this?
    Individual retail property - Prime Terry Road location, multi-tenant retail space.
    Where is this individual retail property located?
    The property is located at 3501 Terry Rd Jackson, MS.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Asking Price: $995,000 - $1,100,000; Price Per Square Foot: $49.75 - $55;
    Request Owner's contact information
    3501 Terry Rd Jackson, MS 39212
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    Jackson, MS 39212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3501 Terry Rd Jackson, MS 39212
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