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    OFF-MARKET
    Land

    0 Congress St, Jackson, MS 39202

    0.28 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.28-acre commercial land parcel in Jackson, Mississippi, presents a unique investment opportunity. Located on N Congress St, zip code 39202, the property is currently zoned R-5, allowing for multi-family residential development. However, its strategic location and zoning flexibility offer significant potential for commercial development. The property is eligible for rezoning to either C-2 or C-3 commercial zoning classifications, opening doors to a wide range of commercial uses. This prime location within Jackson offers excellent visibility and accessibility, making it an ideal site for businesses seeking a high-traffic area. The asking price is $78,000, translating to a land value of $283,122 per acre, reflecting the desirability and potential of this property. Given the current zoning and the possibility of rezoning, this land offers a compelling investment opportunity for developers and entrepreneurs looking to establish a presence in a thriving Mississippi market. The property's size and location make it suitable for a variety of commercial ventures, promising strong returns on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Detailed zoning information and development possibilities are available upon request.

    Property profile
    Verified
    Property type Land
    Lot 0.28 ac (12,197 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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