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    1593 Capitol St Jackson, MS 39203

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    For Sale
    Contact for pricing

    30,881 SF, 2-Story Elementary School

    Property size:
    30,881 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30,881 square foot, two-story former elementary school building presents a unique redevelopment opportunity in Jackson, Mississippi. Located at 1593 W Capitol St, in Hinds County, zip code 39203 (32.3117951, -90.2086819), this property is part of the Jackson Public Schools (JPS) Repurposing Initiative. This initiative actively promotes the reuse and redevelopment of surplus school sites, aiming to transform them into valuable community assets. The building's substantial size offers significant potential for a variety of adaptive reuse projects, contributing to the growth and prosperity of the surrounding Jackson neighborhoods. The property's classification is Special Purpose, with a subtype of School. Its prime location and substantial square footage make it an attractive investment for developers seeking to contribute to Jackson's revitalization efforts. The building's history as Barr Elementary School provides a strong foundation for creative repurposing ideas, aligning with the JPS initiative's goals of sustainable community development. This is a rare chance to acquire a significant property with considerable potential for a transformative project within a vibrant community. Serious inquiries are encouraged to explore the possibilities this unique property offers.

    Property Features for 1593 Capitol St

    General Information

    Property type
    Schools
    Square Feet
    30,881 SF

    Building Details

    Stories
    2

    HighLights

    • 30,881 square foot, two‑story former elementary school building in Jackson, MS.
    • Located at 1593 W Capitol St, Hinds County, zip code 39203.
    • Part of the Jackson Public Schools Repurposing Initiative, ideal for adaptive reuse.
    • Special Purpose property (School subtype), offering significant redevelopment potential.
    • Prime location and substantial size make it an attractive investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Barr Elementary School Elementary School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2086819
    Latitude
    32.3117951

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    FAQs

    What type of property is this?
    School - 30,881 SF, 2-Story Elementary School
    Where is this school located?
    The property is located at 1593 Capitol St Jackson, MS.
    What are key features of this property?
    This property features: 30,881 square foot, two-story former elementary school building in Jackson, MS.; Located at 1593 W Capitol St, Hinds County, zip code 39203.; Part of the Jackson Public Schools Repurposing Initiative, ideal for adaptive reuse.
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    1593 Capitol St Jackson, MS 39203
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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
    1593 Capitol St Jackson, MS 39203
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