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    955 State St Jackson, MS 39202

    For Sale
    $1,500,000

    13,905 SF Retail, Vacant, Owner/User

    Property size:
    13,905 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 13,905 square foot freestanding former pharmacy building in Jackson, Mississippi, presents a unique owner-user or investment opportunity. Located on a 1.276-acre lot at a signalized intersection, it benefits from high visibility and convenient access. Its strategic position across from the 638-bed Mississippi Baptist Medical Center, a major acute care facility admitting approximately 21,000 patients and handling over 220,000 outpatients annually, ensures significant foot and vehicle traffic. The property also features a drive-thru for added convenience. The central location is further enhanced by its proximity to the Jackson CBD and Mississippi State Capitol (half a mile south), offering access to a large workforce of over 20,000 employees in over 2.5 million square feet of office space. Nearby educational institutions include Belhaven College and Millsaps College, less than a mile to the north. The property is zoned for general commercial use and is currently vacant. A lease option is also available at $12 per square foot. This property is ideal for a variety of retail uses, particularly those serving the healthcare sector or benefiting from high traffic volume. The asking price is $1,500,000.

    Property Features for 955 State St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,905 SF
    Lot Size
    55,583 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $1,500,000 asking price.
    • 13,905 SF retail building.
    • Vacant, former pharmacy with drive‑thru.
    • Located on a signalized intersection across from a major hospital.
    • 1.276‑acre lot.
    • General Commercial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor COVID-19 Drive-thru Testing ... Pharmacy FedEx OnSite Mailing Service Walgreens Pharmacy Pharmacy Karen P. Bates, ... Pharmacy

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -90.1788395
    Latitude
    32.3117785

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    FAQs

    What type of property is this?
    Individual retail property - 13,905 SF Retail, Vacant, Owner/User
    Where is this individual retail property located?
    The property is located at 955 State St Jackson, MS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 13,905 SF retail building.; Vacant, former pharmacy with drive-thru.
    Request Owner's contact information
    955 State St Jackson, MS 39202
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    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
    955 State St Jackson, MS 39202
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