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    46 Northtown Dr Jackson, MS 39211

    Sponsored
    For Sale
    $3,190,000

    Prime Jackson location, huge potential.

    Property size:
    57,329 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 57,329 square foot, multi-use recreational and community center is situated on 6.5 acres in Jackson, Mississippi's desirable Northtown area. Boasting a prime location near the Country Club of Jackson and Ross Barnett Reservoir, this property offers unparalleled investment opportunities. The facility, built in 1986 and extensively renovated in 2024 ($1.2 million in renovations), features 12 outdoor tennis courts (convertible to 44 pickleball courts) and 3 indoor tennis courts (convertible to 10 pickleball courts). Ample parking is provided with 158 on-site spaces. The property is zoned C-3 General Commercial District, allowing for a wide range of uses including, but not limited to, sports and entertainment, retail, office, flex/tech space, public storage, healthcare, education, and even multi-family housing. The building is currently 50% occupied with a credit-rated tenant under a NNN lease. The insured value of the building, infrastructure, and land is $15.2 million. With clear heights up to 25 feet and its proximity to various complementary businesses, this property presents a unique chance to acquire a substantial asset in a thriving Jackson neighborhood. Seller financing is available. APN: 0753 0152 002.

    Property Features for 46 Northtown Dr

    General Information

    Property type
    Specialty properties
    Square Feet
    57,329 SF
    Lot Size
    286,625 SF

    Building Details

    Year Built/Renovated
    1986/2024
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent location in Northeast Jackson, MS.
    • 6.5‑acre site.
    • 57,329 square foot building.
    • $1.2 million in renovations completed 2022‑2024.
    • 158 on‑site parking spaces.
    • Clear ceiling heights up to 25 feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mid South Rehab ... Physical Therapy Clinic

    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
    -90.1114644
    Latitude
    32.38599683

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    FAQs

    What type of property is this?
    Specialty property - Prime Jackson location, huge potential.
    Where is this specialty property located?
    The property is located at 46 Northtown Dr Jackson, MS.
    What is the asking price?
    The asking price for this property is $3,190,000.
    What are key features of this property?
    This property features: Excellent location in Northeast Jackson, MS.; 6.5-acre site.; 57,329 square foot building.
    Request Owner's contact information
    46 Northtown Dr Jackson, MS 39211
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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
    46 Northtown Dr Jackson, MS 39211
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