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    308 Pearl St Jackson, MS 39201

    For Sale
    $5,900,000

    Historic Downtown Jackson Office Building

    Property size:
    110,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property, located at 308 E Pearl St in Jackson, MS, presents a compelling investment opportunity. The 10-story building, totaling 110,500 square feet with 105,511 square feet of net rentable space, boasts a prime location in the Smith Park Architectural District Historical Register. Originally constructed in 1930 and extensively renovated in 2005, the building seamlessly blends historic charm with modern functionality. The property features three elevators, first-floor retail space, seven floors of traditional office space, and fifteen residential units on the top two floors. Its permitted CBD zoning allows for a variety of uses. Situated on a 0.258-square-foot lot, this building offers unparalleled visibility and accessibility in the heart of Jackson's urban landscape. Its proximity to key landmarks such as Capital Towers, St. Andrew's Cathedral, the Governor's Mansion, and City Hall ensures high foot traffic and strong tenant appeal. The asking price for this value-add investment is $5,900,000. This iconic building represents a unique chance to acquire a piece of Jackson's history while capitalizing on its vibrant future. The property's blend of historic character and modern amenities makes it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving downtown location.

    Property Features for 308 Pearl St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    110,500 SF

    Building Details

    Year Built/Renovated
    1930/2005
    Buildings
    1
    Stories
    10

    HighLights

    • Ten‑story building with three elevators.
    • First‑floor retail space available.
    • Seven floors of traditional office space.
    • Top two floors feature fifteen residential units.
    • Excellent location adjacent to Capital Towers and St. Andrew's Cathedral.
    • One block from the Governor's Mansion and City Hall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Baria-Jones PLLC Attorney JXN Welcome Center Visitor Center JBHM Architecture Architect Physician Hospice Care Hospice

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon 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
    -90.183964483322
    Latitude
    32.298594024167

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Jackson Office Building
    Where is this office property / space located?
    The property is located at 308 Pearl St Jackson, MS.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Ten-story building with three elevators.; First-floor retail space available.; Seven floors of traditional office space.
    Request Owner's contact information
    308 Pearl St Jackson, MS 39201
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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
    308 Pearl St Jackson, MS 39201
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