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    Capitol St & Magnolia St Jackson, MS 39203

    For Sale
    Contact for pricing

    7.26 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.26-acre commercial land parcel, located at the intersection of West Capitol Street and Magnolia Street in Jackson, Mississippi (zip code 39203), presents a compelling investment opportunity. The property, encompassing APN numbers 112-1-1, 113-114, 115, and 116, is zoned for Limited Multi-Family Residential and Special Use Districts, offering considerable flexibility for developers. Its prime location within Hinds County provides excellent access to key transportation routes and amenities. This site is part of the JPS Repurposing Initiative, a program designed to revitalize underutilized properties within Jackson, contributing to the city's ongoing growth and development. The initiative aims to transform surplus land into valuable community assets. The expansive lot size allows for a variety of development options, making it an attractive prospect for investors seeking to capitalize on the potential for multifamily housing or other specialized uses within this thriving Mississippi city. This is a rare chance to acquire a significant land holding in a rapidly developing area, poised for substantial future appreciation. Serious inquiries are encouraged.

    Property Features for 0 Capitol St & Magnolia St

    General Information

    Property type
    Land
    Lot Size
    316,246 SF

    HighLights

    • 7.26‑acre commercial land parcel in Jackson, MS (zip code 39203), at West Capitol & Magnolia Streets.
    • APN numbers: 112‑1‑1, 113‑114, 115, and 116.
    • Zoned for Limited Multi‑Family Residential and Special Use Districts.
    • Excellent access to transportation routes and amenities in Hinds County.
    • Part of the JPS Repurposing Initiative for revitalizing Jackson properties.
    • Suitable for multifamily housing or other specialized uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2055628
    Latitude
    32.3101235

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    FAQs

    What type of property is this?
    Land - 7.26 Acres, Multifamily Potential
    Where is this land located?
    The property is located at Capitol St & Magnolia St Jackson, MS.
    What are key features of this property?
    This property features: 7.26-acre commercial land parcel in Jackson, MS (zip code 39203), at West Capitol & Magnolia Streets.; APN numbers: 112-1-1, 113-114, 115, and 116.; Zoned for Limited Multi-Family Residential and Special Use Districts.
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    Capitol St & Magnolia St Jackson, MS 39203
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    Jackson, MS 39203
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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
    Capitol St & Magnolia St Jackson, MS 39203
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