For Sale
$525,000

123 State StJackson, MS 39201

Historic 3-Story Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
106
This exceptional value-add investment opportunity presents a historic three-story office building located at 123 N State St in the heart of Jackson, Mississippi. Known as "The Lavorn," this mixed-use property boasts a total of 5,044 square feet, currently operating at 50% occupancy. The asking price is $525,000, translating to $104.08 per square foot. The building's traditional office layout offers multiple rooms and/or offices on each of its three floors, providing significant potential for renovation and increased rental income. Situated in Hinds County, zip code 39201, this property presents a unique chance to capitalize on the revitalization of downtown Jackson. The building's prime location and historic character offer a compelling investment proposition for those seeking a value-add project with substantial upside potential. The property's existing infrastructure provides a solid foundation for future improvements and tenant enhancements. This is an excellent opportunity to acquire a significant piece of Jackson's history and contribute to its ongoing growth. Further details are available upon request.

Highlights

  • Asking price: $525,000
  • Mixed-use, multifamily, and traditional office property totaling 5,044 square feet
  • Value-add investment opportunity with a price per square foot of $104.08
  • Currently 50% occupied
  • Three-story building located at 123 N State St, Jackson, MS 39201.

Property Details for 123 State St

Property type
Office properties, Mixed-use properties
Square Feet
5,044 SF
Buildings
1
Stories
3

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.3000344
Longitude
-90.18057
123 State St, Jackson, Mississippi

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123 State St
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