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    OFF-MARKET
    Investment properties

    240 Maddox Rd, Jackson, MS 39212-2312

    2,344 SF 0.99 ac lot Built 1985
    Individually Owned 22-yr Hold Free & Clear
    Property ID
    US50-0392071
    Property summary
    AI-generated overview

    This exceptional commercial property, situated at 240 Maddox Road in Jackson, Mississippi, presents a unique investment opportunity. The 2,600 square foot building sits on a spacious 1.02-acre lot, providing ample room for future expansion and development. The property boasts a strategic location, just 0.2 miles from Highway 18 and 2 miles from I-20, ensuring convenient access to major transportation arteries. The building comprises 1,600 square feet of well-appointed office space, featuring a practical kitchenette, a bathroom, and 10-foot drop-down ceilings, creating a functional and modern workspace. In addition to the office area, the property includes approximately 723 square feet of warehouse space, strategically divided into zones with ceiling heights ranging from 10 to over 12 feet, accommodating diverse storage and operational needs. A substantial 10' x 10' loading door facilitates easy access for large deliveries, including 18-wheeler trucks. The property also features a large parking lot, providing ample space for employees and clients. C-2 zoning allows for a variety of commercial uses, making this property an ideal choice for businesses seeking flexibility and growth potential. This combination of office and warehouse space, coupled with its prime location and ample land, makes this property a highly desirable investment. The asking price is $220,000.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1985
    Construction TYPE NOT SPECIFIED
    Total area 2,344 SF
    Lot 0.99 ac (43,199 SF)
    APN 0835 0097 003
    UPID US50-0392071
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Norman,amos & Jean E · 22 yrs held
    Norman,amos & Jean E
    since 2004
    1 recorded transaction
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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