Current Use by Public Records
- Retail properties & Spaces
Property Details for 3770 Us-80
- Year built
- 1986
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This stabilized, multi-tenant retail storefront at 3770 Highway 80 West in Jackson, Mississippi, presents a compelling investment opportunity. The property boasts 5,383 square feet across six units, currently operating at 80% occupancy. Built in 1986, this single-story, Class C building sits on a 22,500 square foot lot and is zoned C-80-C2. The property generates a substantial net operating income (NOI) of $37,300, translating to an attractive 12.64% capitalization rate and a price per square foot of $54.80. The gross lease structure simplifies management, while the established tenancy provides immediate cash flow. Located on Highway 80, this property benefits from high visibility and significant daily traffic volume of 20,000 cars. The asking price is $295,000. Note that an adjacent 150,000 square foot building is also available for purchase. This property offers a strong return on investment in a high-traffic location.
Value Estimations
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AI approach
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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
- -90.2506
- Latitude
- 32.3035
