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Property profile

4650 Manhattan Rd Jackson, MS 39206

OFF-MARKET
Specialty properties
Property ID
US50-0258371
113,402 SF
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Property summary

AI-generated overview

This exceptional 113,402 square foot property presents a unique redevelopment opportunity in Jackson, Mississippi. Formerly Chastain Middle School, part of the Jackson Public Schools system, this building is now available as part of the JPS Repurposing Initiative. This initiative actively promotes the reuse and redevelopment of surplus school sites, aiming to transform them into valuable community assets. The property is strategically located at 4650 Manhattan Rd, Jackson, MS 39206, in Hinds County. Its substantial size offers significant potential for a variety of adaptive reuse projects. The building's existing infrastructure provides a solid foundation for future development, minimizing initial investment costs. Given its location and the city's ongoing development efforts, this property represents a compelling investment opportunity for developers seeking to contribute to Jackson's growth and revitalization. The JPS Repurposing Initiative's focus on community benefit ensures a supportive environment for innovative and impactful projects. This is a chance to acquire a large-scale property with considerable potential for a transformative project within a thriving community. The property's size and location make it ideal for a wide range of uses, subject to necessary approvals and permits. Interested parties are encouraged to explore the possibilities this unique property offers.

Property profile

Verified
Property type Specialty properties
Total area 113,402 SF
UPID US50-0258371

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
  • High School
  • High School

Location

4650 Manhattan Rd Jackson, MS 39206
Jackson metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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