1421 State StJackson, MS 39202

Property Details for 1421 State St

Year built

1986

Lot size

3.72 AC

Property size (Sq ft)

95,281 SF

Property type

Healthcare properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3192

Longitude

-90.1784

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