1507 Raymond Rd Jackson, MS 39204-4202
- Retail space
- 2,115 SF
- 0.37 lot acres
Current Use by Public Records
- Our Co Inc / Tax Preparation Service
- Glory Tax Services / Tax Preparation Service
Property Details for 1507 Raymond Rd
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Property size
- 2,115 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0833 0251 000
- APU
- 8330251000
Description
This exceptional mixed-use investment property, located at 1507 Raymond Rd in Jackson, Mississippi (zip code 39204), presents a unique opportunity for savvy investors. The building boasts high visibility and is ideally suited for a variety of retail uses. Currently vacant, this property offers 5 units with a total square footage ranging from 1,200 to 2,500 square feet. Its previous tenants included a counseling center, dentist office, and vape shop, suggesting a diverse range of potential uses. The asking price is $159,000. The property's prime location in Hinds County, Jackson, MS, ensures excellent access to a substantial customer base. This is an ideal investment for entrepreneurs seeking a high-traffic location to establish their business or for investors looking for a strong return on investment. The property's versatility makes it suitable for a drug store, daycare, convenience store, or clinic, among other possibilities. Given its current vacancy, this presents a blank canvas for a new owner to customize and maximize the property's potential. The property's high visibility makes it an attractive option for businesses seeking strong brand recognition. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $225,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $350,000
- 6.5%
- $325,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $206,000
Market price range: $74.8k - $265k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.2538
- Latitude
- 32.2816
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA