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750 Congress St Jackson, MS 39202

OFF-MARKET Specialty properties Google Maps
26,169 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 26,169-square-foot property, located at 750 N Congress St, Jackson, MS 39202, presents a unique redevelopment opportunity. Formerly the Obama Magnet Elementary School, a Jackson Public Schools landmark, this single-story building is now available as part of the JPS Repurposing Initiative. This initiative aims to revitalize surplus school sites, transforming them into valuable community assets. The building's substantial size offers considerable flexibility for adaptive reuse, catering to a wide range of potential projects. Its prominent location in Hinds County provides excellent visibility and accessibility. The property's historical significance adds character and potential for unique development concepts. This is a chance to contribute to the ongoing revitalization of Jackson while capitalizing on a prime piece of real estate. The property is zoned for special purpose use, and further due diligence is recommended to determine the feasibility of specific redevelopment plans. Detailed site plans and historical records are available upon request. This is an exceptional opportunity to acquire a significant piece of Jackson's history and shape its future. The property's size and location make it ideal for a variety of uses, subject to necessary approvals and permits. Interested parties are encouraged to explore the possibilities this unique property offers.

Property profile

Verified
Property type Specialty properties
Total area 26,169 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
  • High School

Value estimations

Realmo proprietary · 4 methods
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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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