5570 John R. Lynch St Jackson, MS 39209
- Warehouses
- 15,600 SF
- 1.80 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5570 John R. Lynch St
- Year built
- 1960
- Lot size
- 1.80 lot acres
- Property size
- 15,600 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Jackson, MS industrial property offers a unique investment opportunity. Priced at $175,000, this owner-user property boasts 15,600 square feet across three connected buildings, including approximately 1,680 square feet of office space with eight separate offices or work areas. The main warehouse comprises roughly 10,800 square feet of storage space, featuring three loading docks and impressive ceiling heights ranging from 12 to 25 feet. One storage building has a recently replaced roof. The property sits on 1.8 to 2 acres of land, providing ample parking for numerous tractor-trailer rigs, with access from both Lynch Street and Wiggins Road. It benefits from a separate water system, avoiding recent city-wide water supply issues. The property includes a billboard with a ten-year lease (renewed 2023), generating annual income of $5,750 or 25% of gross annual revenue, whichever is greater. The property features 220/110-volt electrical service and city water. Light industrial zoning applies. Built in 1960, this property presents a strong return on investment with a 2.29% cap rate and a price per square foot of $11.22.
Value Estimation
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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
- -90.2822
- Latitude
- 32.3005
