For Sale
$6,500,000

1421 State StJackson, MS 39202

Jackson, MS Medical Office Building - Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
106
This five-story, 95,281-square-foot medical office building in Jackson, Mississippi, presents a compelling value-add redevelopment opportunity. Located at 1421 N State St, 39202, in the heart of the Jackson medical district, this property offers significant potential. The building, constructed in 1986, sits on a 3.72-acre lot and features 290 parking spaces. Currently zoned C-2, it benefits from a prime location between Millsaps College and Belhaven University, and is within close proximity to Baptist Memorial Hospital and the University of Mississippi Medical Center. One 3,918-square-foot medical office lease is currently in place on the fifth floor. The asking price is $6,500,000, translating to $68.22 per square foot. This property is ideal for an owner-user or a developer seeking to capitalize on its strategic location and substantial square footage. Its proximity to major medical facilities, universities, and convenient access via North State Street and Webster Street make it a highly attractive investment. The property's size and existing lease provide a solid foundation for future growth and development. This is a rare chance to acquire a significant asset in a thriving medical district.

Highlights

  • Adjacent to Millsaps College.
  • 0.44 miles west of Belhaven University.
  • Across from First Presbyterian Church on Belhaven Street.
  • Access to Webster Street traffic signal on North State Street.
  • 0.56 miles south of the University of Mississippi Medical Center.
  • 600 feet north of Baptist Memorial Hospital.

Property Details for 1421 State St

Property type
Office properties, Medical offices
Square Feet
95,281 SF
Year Built
1986
Buildings
1
Stories
5
Lot Size (sq. ft)
162,043 SF

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.319191804345
Longitude
-90.178390393961
1421 State St, Jackson, Mississippi

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1421 State St
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