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304 Mitchell Ave Jackson, MS 39216-3909

OFF-MARKET Retail space Google Maps
1,439 SF 0.2 ac lot Built 1938
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$235k
Range $212k – $259k (±10%)
Property ID US50-0412874

Property summary

AI-generated overview

This 1,568 square foot, single-story office building at 304 Mitchell Avenue in Jackson, Mississippi's vibrant Fondren submarket, presents a unique leasing opportunity. Built in 1938 and completely renovated in 2023, the Class B property is zoned UV-Urban Village Mixed Used District and offers flexible layouts suitable for various business types. Currently, the entire space is available for lease. The building's features include multiple tenancy options, allowing for customization to suit individual business needs, ranging from traditional office setups to coworking spaces, creative offices, executive suites, or medical offices. The property boasts ample natural light and a prime location within the thriving Fondren community, providing easy access to local amenities and a dynamic business environment. While there are no elevators, the single-story design ensures convenient accessibility. This exceptional property offers a blend of historic charm and modern functionality, making it an ideal location for businesses seeking a unique and well-situated office space in Jackson, MS. The address is 304 Mitchell Ave, Jackson, MS 39216, near Downing Street.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Total area 1,439 SF
Lot 0.2 ac (8,803 SF)
APN 0051 0069 000
UPID US50-0412874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2013
Price N/A
2007
Price N/A
2005
Price N/A
2002
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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