5250 I 55 Frontage Rd Jackson, MS 39211

Deville Plaza, a 162,142 square foot shopping center in Jackson, Mississippi, is a prime value-add investment opportunity. This fee-simple, bank-owned foreclosure property consists of three, single-story buildings on 13.89 acres (APN: 0507-0250-000, 0507-0250-002, 0507-0252-000, 0507-0251-000). Built in 1976 and renovated in 1997, the Class B center features 17 units with 100% occupancy. The property is strategically located along the I-55 corridor in Hinds County, offering excellent visibility and accessibility. Key tenants include CVS (with a long-term lease), Ace Hardware, Planet Fitness, Napa Auto Parts, and 4th & Goal, along with several smaller businesses. Two Lamar Advertising billboard leases provide additional income streams. A significant value-add opportunity exists with a vacant 46,245 square foot space, suitable for various uses. The property is zoned C-3. Auction date: April 29th - May 1st, 2024.