501 S State St Jackson, MS 39201
- Office buildings
- 2,585 SF
- 0.32 lot acres
Current Use by Public Records
- John Colette & Associates / Criminal Justice Attorney
- Barnett Law Firm / Attorney
Property Details for 501 S State St
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 2,585 SF
- Property type
- Office buildings
- APN
- 0187 0016 000
- APU
- 1870016000
Description
This exceptional 2,545-square-foot office building is situated at the corner of State and Court Streets in the heart of Jackson, Mississippi. The single-story, Class B property, built in 1985, sits on a 0.32-acre lot and offers convenient access to the interstate, courthouse, post office, federal buildings, restaurants, and shops. The building boasts 100% occupancy with a single tenant. Ample parking is provided with twenty spaces, eight in a front lot and twelve additional spaces in a gated rear lot. The interior layout includes three large offices, a welcoming reception area, a comfortable waiting room, two bathrooms, a convenient break room, and a spacious conference room. The property is zoned for office use and features a single unit within a single building. This is a fantastic opportunity to acquire a well-located, established office building in a thriving downtown area. The asking price is $425,000. The Hinds County APN is 187-16.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $430,000
- 6.5%
- $395,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $214,000
Market price range: $90.4k - $215k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $205,000
- COMMERCIAL (GENERAL)
- $190,000
- RETAIL STORES
- $185,000
- AUTO REPAIR, GARAGE
- $160,000
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.1817
- Latitude
- 32.2948
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA