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308 Pearl St Jackson, MS 39201

OFF-MARKET Office Spaces Google Maps
110,500 SF Built 1930
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 1930
Total area 110,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Travel Agency Tour Operator
  • Architect Design
  • Nursing Home

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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