1600 State St Jackson, MS 39202-1689

This exceptional redevelopment opportunity presents a 33,274 square foot, four-story Class B building situated on a 1.63-acre lot in Jackson, Mississippi's thriving medical district. Located at 1600 N State St, zip code 39202, this property boasts a strategic location between Baptist Hospital and the University of Mississippi Medical Center (UMMC), across from Millsaps College, and adjacent to the Fairview Inn. Currently at 10% occupancy, with one existing 3,729 square foot medical office lease in place on the second floor, this mixed-use property (C-2 zoning) offers significant upside. The building, constructed in 1973, presents a compelling value-add investment opportunity. Its prime location offers excellent visibility due to a traffic signal and convenient access from Fairview Street. The property's proximity to major medical facilities, a college campus, and a hotel creates a unique opportunity for a mixed-use development, potentially incorporating retail space on the ground floor and medical/office/residential units on the upper three floors. The asking price is $2,550,000, translating to $76.64 per square foot. This is a rare chance to acquire a substantial property in a high-demand area with considerable potential for future growth and return on investment.