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    429 Gallatin St Jackson, MS 39203

    For Sale
    $225,000

    10,945 SF Warehouse, Vacant, Ideal for Conversion

    Property size:
    10,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 10,945-square-foot warehouse, located at 429 S Gallatin St in Jackson, Mississippi, is available for $225,000 under an Absolute NNN lease. Built in 1953, this single-story, Class C building sits on a 0.6-acre lot and offers significant potential for adaptive reuse. Previously used as the Hinds Restitution Center, the property is well-suited for a variety of uses, including a public shelter or other housing facility. The interior features seven spacious offices, a conference room, numerous storage rooms, a commercial kitchen, and a dining area. Additionally, there is a dedicated housing area, two small bathrooms, and one large restroom area. The property is currently vacant and presents a unique opportunity for an investor or business seeking a substantial space in a central Jackson location. The asking price of $225,000 equates to $20.56 per square foot. The property consists of one building and one unit. The zip code is 39203.

    Property Features for 429 Gallatin St

    General Information

    Property type
    Distribution properties
    Square Feet
    10,945 SF
    Class
    C
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1953
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $225,000 asking price for a 10,945 SF warehouse.
    • Located at 429 S Gallatin St, Jackson, MS 39203, on a 0.6‑acre lot.
    • Class C, single‑tenant, vacant building.
    • Absolute NNN lease type.
    • 1953 construction, one‑story building with 7 offices, conference room, storage, kitchen, dining area, and restrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    More ministry Apartment Complex Burnhams professional flooring Remodeler Allen Burnham Apartment Complex

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail 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
    -90.1931511
    Latitude
    32.2966523

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    FAQs

    What type of property is this?
    Distribution property - 10,945 SF Warehouse, Vacant, Ideal for Conversion
    Where is this distribution property located?
    The property is located at 429 Gallatin St Jackson, MS.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price for a 10,945 SF warehouse.; Located at 429 S Gallatin St, Jackson, MS 39203, on a 0.6-acre lot.; Class C, single-tenant, vacant building.
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    429 Gallatin 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
    429 Gallatin St Jackson, MS 39203
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