1437 Old Square RdJackson, MS 39236

Property Details for 1437 Old Square Rd

Year built

1986

Construction

FRAME

Property size (Sq ft)

2,600 SF

Property type

Office properties

Property subtype

Office buildings

APN

0511 0537 005

APU

5110537005

Description

This exceptional 2,400 square foot office condominium, located at 1437 Old Square Rd in Jackson, Mississippi, presents a rare investment opportunity. Situated in the desirable Lefleur East community of Northeast Jackson, this Class B property boasts a prime location near Interstate 55, offering easy access to major transportation routes. The building, constructed in 1986, is a single-story structure with C-2 zoning. This fully occupied (100%) multi-tenant property features two units within a single building, offering flexibility for owner-users. The layout, originally designed by a local architect, is highly adaptable, with windowed offices surrounding a central core that includes conference rooms, break rooms, restrooms, and a workroom. A portion of the space is divisible, presenting an opportunity to lease to an additional tenant or expand existing operations. The property benefits from ample natural light and is well-maintained. Its proximity to a variety of restaurants and businesses makes it an attractive location for both employees and clients. This first-floor unit is a truly unique offering in the Crescent Court Condominium, a community known for its limited availability and high-quality properties. The asking price is $275,000.

• CAP approach

  CAP return

  Valuation

  6%

  $374,619

  6.5%

  $345,802

  7%

  $321,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,330

  Geo Method

  $507,156

• Alternative Use

  Use

  Valuation

  Residential

  $428,794

  Hospitality

  $392,773

  Educational

  $326,783

  Medical

  $338,021

  Retail

  $508,329

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3614

Longitude

-90.1472

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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