123 State St Jackson, MS 39201
- Office buildings
- 5,044 SF
- 0.09 lot acres
Current Use by Public Records
- Office buildings
Property Details for 123 State St
- Year built
- 1982
- Lot size
- 0.09 lot acres
- Property size
- 5,044 SF
- Property type
- Office buildings
- APN
- 0033 0010 000
- APU
- 330010000
Description
This exceptional value-add investment opportunity presents a historic three-story office building located at 123 N State St in the heart of Jackson, Mississippi. Known as "The Lavorn," this mixed-use property boasts a total of 5,044 square feet, currently operating at 50% occupancy. The asking price is $525,000, translating to $104.08 per square foot. The building's traditional office layout offers multiple rooms and/or offices on each of its three floors, providing significant potential for renovation and increased rental income. Situated in Hinds County, zip code 39201, this property presents a unique chance to capitalize on the revitalization of downtown Jackson. The building's prime location and historic character offer a compelling investment proposition for those seeking a value-add project with substantial upside potential. The property's existing infrastructure provides a solid foundation for future improvements and tenant enhancements. This is an excellent opportunity to acquire a significant piece of Jackson's history and contribute to its ongoing growth. Further details are available upon request.
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
- -90.1806
- Latitude
- 32.3
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
