5731 Old Canton RdJackson, MS 39211

Property Details for 5731 Old Canton Rd

Year built

1976

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

5,090 SF

Property type

Specialty properties

Property subtype

Other shopping centers

APN

0557 0003 000

APU

5570003000

Description

This exceptional 750-square-foot commercial suite, identified as Suite #3, presents a unique opportunity for a thriving business. Categorized as a special purpose property, its single-tenant occupancy ensures exclusive use and control. The property's ideal location guarantees high visibility and consistent foot traffic throughout the day, making it an exceptionally desirable space for businesses seeking maximum exposure. The "hot spot" designation speaks to its proven success in attracting clientele. The suite's 750 square feet offer ample space for a variety of configurations, allowing for customization to meet specific business needs. Its single-tenant status eliminates the complexities of multi-tenant management, providing a streamlined and efficient operational environment. This property is perfectly suited for businesses that thrive on high visibility and consistent customer flow, such as hair salons and spas, but could be adapted to other suitable uses. The exceptional location and single-tenant occupancy combine to create a truly unique investment opportunity. Serious inquiries are encouraged to explore this exceptional property further. Contact us today to schedule a viewing and discuss the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,078,081

  6.5%

  $995,152

  7%

  $924,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $978,440

  Geo Method

  $2,501,996

• Alternative Use

  Use

  Valuation

  Residential

  $839,448

  Hospitality

  $768,929

  Educational

  $639,740

  Medical

  $661,742

  Retail

  $995,152

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3773

Longitude

-90.1233

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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