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    Congress St Jackson, MS 39202

    For Sale
    $78,000

    0.28 Acres, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.28-acre commercial land parcel in Jackson, Mississippi, presents a unique investment opportunity. Located on N Congress St, zip code 39202, the property is currently zoned R-5, allowing for multi-family residential development. However, its strategic location and zoning flexibility offer significant potential for commercial development. The property is eligible for rezoning to either C-2 or C-3 commercial zoning classifications, opening doors to a wide range of commercial uses. This prime location within Jackson offers excellent visibility and accessibility, making it an ideal site for businesses seeking a high-traffic area. The asking price is $78,000, translating to a land value of $283,122 per acre, reflecting the desirability and potential of this property. Given the current zoning and the possibility of rezoning, this land offers a compelling investment opportunity for developers and entrepreneurs looking to establish a presence in a thriving Mississippi market. The property's size and location make it suitable for a variety of commercial ventures, promising strong returns on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Detailed zoning information and development possibilities are available upon request.

    Property Features for 0 Congress St

    General Information

    Property type
    Land
    Lot Size
    12,197 SF

    HighLights

    • R‑5 multi‑family residential zoning.
    • Potential for C‑2 or C‑3 commercial rezoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jackson
    County
    Jackson
    State
    Mississippi
    Longitude
    -90.181567
    Latitude
    32.3064001

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    FAQs

    What type of property is this?
    Land - 0.28 Acres, High Potential
    Where is this land located?
    The property is located at Congress St Jackson, MS.
    What is the asking price?
    The asking price for this property is $78,000.
    What are key features of this property?
    This property features: R-5 multi-family residential zoning.; Potential for C-2 or C-3 commercial rezoning.;
    Request Owner's contact information
    Congress St Jackson, MS 39202
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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
    Congress St Jackson, MS 39202
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