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    4650 Manhattan Rd Jackson, MS 39206

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    For Sale
    Contact for pricing

    113,402 SF former school building. Prime redevelopment site.

    Property size:
    113,402 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 113,402 square foot property presents a unique redevelopment opportunity in Jackson, Mississippi. Formerly Chastain Middle School, part of the Jackson Public Schools system, this building is now available as part of the JPS Repurposing Initiative. This initiative actively promotes the reuse and redevelopment of surplus school sites, aiming to transform them into valuable community assets. The property is strategically located at 4650 Manhattan Rd, Jackson, MS 39206, in Hinds County. Its substantial size offers significant potential for a variety of adaptive reuse projects. The building's existing infrastructure provides a solid foundation for future development, minimizing initial investment costs. Given its location and the city's ongoing development efforts, this property represents a compelling investment opportunity for developers seeking to contribute to Jackson's growth and revitalization. The JPS Repurposing Initiative's focus on community benefit ensures a supportive environment for innovative and impactful projects. This is a chance to acquire a large-scale property with considerable potential for a transformative project within a thriving community. The property's size and location make it ideal for a wide range of uses, subject to necessary approvals and permits. Interested parties are encouraged to explore the possibilities this unique property offers.

    Property Features for 4650 Manhattan Rd

    General Information

    Property type
    Schools
    Square Feet
    113,402 SF

    HighLights

    • 113,402 SF redevelopment opportunity in Jackson, MS.
    • Former Chastain Middle School, part of JPS Repurposing Initiative.
    • Located at 4650 Manhattan Rd, Jackson, MS 39206.
    • Significant adaptive reuse potential with existing infrastructure.
    • Compelling investment opportunity in a growing community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chastain Middle School Middle School Chastian Junior High ... Middle School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1569588
    Latitude
    32.3579463

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    FAQs

    What type of property is this?
    School - 113,402 SF former school building. Prime redevelopment site.
    Where is this school located?
    The property is located at 4650 Manhattan Rd Jackson, MS.
    What are key features of this property?
    This property features: 113,402 SF redevelopment opportunity in Jackson, MS.; Former Chastain Middle School, part of JPS Repurposing Initiative.; Located at 4650 Manhattan Rd, Jackson, MS 39206.
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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
    4650 Manhattan Rd Jackson, MS 39206
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