North East Jackson Retail/Office

Retail-Commercial for Sale
Catylist Listing ID: 29610730
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 6,551 SF
Gross Land Area: 36,770 SF
Sale Price: $700,000
Unit Price: $106.85 PSF
Property Use Type: Investment, Business
Building Name: 1424 Old Square
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Single story commercial retail structure. Foundation is a poured concrete slab. The exterior is synthetic stucco with a roof of architectural composition shingles. A complete new roof was installed in 2014.

Building was built as a restaurant in 1989 and converted and remodeled a to retail in 1997.

Large concrete parking lot situated in the rear of the building with 61 spaces.
Building is currently configured as 3 separate lease-able spaces. The parking lot is lighted and fenced.

Suite A is 2000 +/- square feet with 2 offices and remainder is open floor plan.Suite A has two (his and her) handicap accessible bathrooms. It has 3 access points.....storefront, rear customer door and private door to office area.

Suite B is 2600 +/- square feet in size with access from front and rear of building. It has a rest room and a break room.Space is presently demised as open space in front with 3-4 offices toward the rear of space. It has it own parking lot in front of the space for 5 cars.

Suite C - is 1961 square feet.open space.

Additional Details

Nearest MSA: Jackson
County: Hinds
Tax ID/APN: 511-475-8
Zoning: C-3 GENERAL COMMERCIAL DISTRICT
Market Type: Large
Retail Clientele: General
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Interstate 55 and East Frontage Rd
Feet of Frontage: 225
Highway Access: Interstate 55
Area Description: The property is situated around dense retail development which includes the following businesses within site of the property: Kroger, US Postal Office, Piccadilly Restaurant, Joseph Banks Clothiers, etc.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Year Renovated: 1999
Roof Type: Hip
Construction/Siding: Stucco
Exterior Description: Synthetic Stucco with wood trim
Total Parking Spaces: 61
Parking Type: Surface
Parking Description: Concrete with curb. 61 parking space with 2 handicap parking spaces.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Zoning Description: C-3 General Commercial
Lot Frontage: 225
Lot Depth: 154 feet west property line and 258 feet east property line
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,581 65,985 131,490
Median Age: 33.51 35.75 35.01
Households: 5,324 27,057 53,781

Contact

Photograph of Listing Agent

Jeff Bonner

1st Choice Real Estate, LLC
MSCREX Member
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