Distribution Warehouse Near Downtown
835 S Congress St Jackson, MS 39201
835 S Congress St, Jackson, MS, 39201
Contact for pricing
For Sale
Contact for pricing
27,554 SF warehouse with office space for sale.
Property Size27,554 SF
Price / SF$53.89
Days on Market1470
Property Features for 835 S Congress St
General Information
- Standard status
- Active
- Size
- 27,554 SF
- Property subtype
- Industrial
Listing Agency
The Mattiace Company
Listed by
Philip Holman, CCIM · License #MS
Source
Crexi
Added: Jul 8, 2022 Checked: Jul 16 at 12:54 pm
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 The Mattiace Company
Investment Insights
Based on property information with market context.
Located at 835 S. Congress Street in Jackson, MS, this 27,554 square foot building features 25,154 square feet of warehouse space and 2,400 square feet of office space. The property may be suitable as a distribution warehouse or potentially a medical marijuana indoor grow building, contingent upon buyer verification of compliance with Mississippi and City of Jackson regulations. The building includes seven dock-high roll-up doors and a concrete ramp for at-grade deliveries. A 60 mil Johns Manville TPO roof with a 20-year warranty was installed in January 2022. In May 2022, Mississippi Door Company installed seven new steel coiling overhead doors, complete with bottom, jamb, and header weather seals. The fire sprinkler system was upgraded with new sprinkler heads in August 2022. S. Congress Street dead ends just past the building, resulting in minimal traffic. The property backs up to railroad tracks without a rear outlet, enhancing security. Situated across the street from Irby Electrical Headquarters and just south of Jackson's Central Business District, the warehouse is within two miles of Interstate 55, Interstate 20, Interstate 220, and U.S. Highway 49.
Key Highlights
- Large warehouse space (25,154 SF) with additional office space (2,400 SF) suitable for distribution or other uses.
- Convenient location near Interstates 55, 20, and 220, and U.S. Highway 49.
- Seven dock‑high roll‑up doors for efficient loading and unloading.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.6k | $4.92 |
| − Vacancy | −$8.1k | −$0.30 |
| EGI | $127.4k | $4.62 |
| − OpEx | −$38.2k | −$1.39 |
| NOI | $89.2k | $3.24 |
27,554 SF · lease $4.92/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.68M
$3.22M – $4.29M
NOI $257,509 @ 7.0% cap · market cap 17.34%
Second Best
Warehouse
$2.14M
$1.87M – $2.49M
NOI $149,477 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,516 @ 7.0% cap · market cap 22.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Simply Roofing
Roofing Company
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- Downtown Storage Complex — 147 N Gallatin St, Jackson, MS 39203
- McCorquodale Transfer, Inc. — 425 W Capitol St, Jackson, MS 39203
FAQs
What type of property is this?
Warehouse - 27,554 SF warehouse with office space for sale.
Where is this warehouse located?
The property is located at 835 S Congress St Jackson, MS.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Large warehouse space (25,154 SF) with additional office space (2,400 SF) suitable for distribution or other uses.; Convenient location near Interstates 55, 20, and 220, and U.S. Highway 49.; Seven dock‑high roll‑up doors for efficient loading and unloading.
