524 Fortification St Jackson, MS 39203-2209
- Office buildings
- 1,460 SF
- 0.20 lot acres
Current Use by Public Records
- Office buildings
Property Details for 524 Fortification St
- Year built
- 1927
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 1,460 SF
- Property type
- Office buildings
- APN
- 0091 0035 000
- APU
- 910035000
Description
This 1,427 square foot office building is ideally situated on Fortification Street in Jackson, Mississippi. The property boasts a highly visible location with excellent access to significant traffic flow. Its proximity to key area landmarks, including the Medical Mall, University of Mississippi Medical Center (UMC), and Jackson State University (JSU) stadium, provides exceptional visibility and potential for a wide range of businesses. The building is offered at $123,000 and sits on a 0.2-acre lot. The sale is an "as-is" transaction, meaning the buyer assumes responsibility for any necessary repairs or renovations. This presents a unique opportunity for investors or business owners seeking a well-positioned property in a thriving area of Jackson. The building's size and location make it suitable for a variety of uses, from medical offices to professional services. Given its strategic location near major medical facilities and a university, the property offers significant potential for growth and return on investment. Serious inquiries are encouraged to explore this compelling investment opportunity further. The property is ready for immediate occupancy and offers a chance to establish a presence in a high-traffic, high-visibility area of Jackson. Don't miss this chance to own a piece of Jackson's vibrant commercial landscape.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $230,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $245,000
- 6.5%
- $225,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $153,000
Market price range: $100k - $233k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $160,000 Current use
- RETAIL STORES
- $180,000 Change: +11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.196
- Latitude
- 32.3122
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA