4915 I-55 Jackson, MS 39206
- Office Properties & Spaces
- 26,742 SF
- 4.50 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 4915 I-55
- Year built
- 1968
- Lot size
- 4.50 lot acres
- Property size
- 26,742 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 26,742 square foot multi-tenant office complex in Jackson, Mississippi. Located on 4.5 acres with convenient I-55 access, the property boasts 17 units and abundant parking (approximately 130 spaces, nearly 5 per 1,000 sq ft). Currently 43% occupied, the complex offers significant upside potential with below-market average rent of $11.72 per square foot. The buildings are arranged in a campus-like setting with ample parking both front and rear. The property features two curb cuts from I-55 Frontage Road and two from Edgewood Terrace, ensuring excellent accessibility. Situated on the west side of I-55, south of Briarwood Drive and north of Northside Drive, the complex benefits from a prime location within a thriving submarket featuring diverse commercial and residential uses. The C-2 zoning allows for a variety of uses. Built in 1968, this Class C office building is offered at $1,700,000 ($63.57/sq ft) on a gross lease basis. The property's high visibility and convenient location make it an ideal investment for both income generation and future development. The substantial frontage on I-55 Frontage Road (approximately 400 feet) provides excellent exposure. This is a rare opportunity to acquire a well-positioned office complex in a rapidly growing area of Jackson.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.1513
- Latitude
- 32.3645
