429 S Gallatin St Jackson, MS 39203
For Sale
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Property summary
This 10,945-square-foot warehouse, located at 429 S Gallatin St in Jackson, Mississippi, is available for $225,000 under an Absolute NNN lease. Built in 1953, this single-story, Class C building sits on a 0.6-acre lot and offers significant potential for adaptive reuse. Previously used as the Hinds Restitution Center, the property is well-suited for a variety of uses, including a public shelter or other housing facility. The interior features seven spacious offices, a conference room, numerous storage rooms, a commercial kitchen, and a dining area. Additionally, there is a dedicated housing area, two small bathrooms, and one large restroom area. The property is currently vacant and presents a unique opportunity for an investor or business seeking a substantial space in a central Jackson location. The asking price of $225,000 equates to $20.56 per square foot. The property consists of one building and one unit. The zip code is 39203.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Complex
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Hardware & Home Improvement Interior Design
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Apartment Complex
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Jackson market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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