524 Fortification StJackson, MS 39203

Property Details for 524 Fortification St

Year built

1927

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

1,460 SF

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $156,931

  6.5%

  $144,860

  7%

  $134,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,370

  Geo Method

  $284,788

• Alternative Use

  Use

  Valuation

  Residential

  $179,626

  Hospitality

  $164,536

  Educational

  $136,892

  Medical

  $141,600

  Retail

  $212,944

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3122

Longitude

-90.196

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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