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    Joel Ave Jackson, MS 39203

    For Sale
    Contact for pricing

    Prime residential development land in Jackson, MS.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.23-acre parcel, identified as Parcel 139-152 and located on Joel Ave in Jackson, Mississippi (zip code 39203), presents a unique investment opportunity. Currently zoned for Single-Family Residential District use, this property is perfectly positioned for residential development. The lot's address is Joel Ave, Hinds County, within the city limits of Jackson. Its APN is 139-152. This land is part of the JPS Repurposing Initiative, a program designed to revitalize underutilized properties within Jackson's neighborhoods. The initiative aims to transform surplus and undeveloped land into valuable assets, contributing to the city's growth. This initiative underscores the potential for significant return on investment, given the current demand for single-family homes in the area. The property's location offers convenient access to local amenities and infrastructure, making it an attractive prospect for builders and investors alike. This is a rare opportunity to acquire a strategically located parcel within a thriving community, poised for significant appreciation. The 0.23-acre size provides ample space for a single-family residence or a small-scale residential development. Serious inquiries are encouraged.

    Property Features for 0 Joel Ave

    General Information

    Property type
    Land
    Lot Size
    10,019 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2010233
    Latitude
    32.3049231

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    FAQs

    What type of property is this?
    Land - Prime residential development land in Jackson, MS.
    Where is this land located?
    The property is located at Joel Ave Jackson, MS.
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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
    Joel Ave Jackson, MS 39203
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