909 President StJackson, MS 39202

Property Details for 909 President St

Year built

1981

Lot size

0.21 AC

Property size (Sq ft)

2,378 SF

Property type

Office properties

Property subtype

Office buildings

APN

0039 0024 000

APU

390024000

Description

This exceptional opportunity presents a well-maintained, traditional office building ideally situated in the heart of downtown Jackson, Mississippi, at 909 N President Street, zip code 39202. The property is priced at $232,000 and offers a total of six private offices, providing ample space for a variety of business needs. A convenient copy room and kitchenette are included, enhancing the functionality and convenience of the space. Off-street parking is available, a significant advantage in a bustling downtown area. The building's location is highly desirable, offering easy access to the state Capitol and the charming Belhaven neighborhood, both within comfortable walking distance. This presents a rare chance to acquire a well-established office building in a prime location, making it an attractive investment opportunity for those seeking a foothold in the Jackson commercial real estate market. The property's traditional office layout is well-suited for a variety of professional uses, and its proximity to key city landmarks and residential areas ensures high visibility and accessibility. The combination of functional office space, convenient amenities, and a desirable location makes this property a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $255,604

  6.5%

  $235,942

  7%

  $219,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $181,396

  Geo Method

  $463,853

• Alternative Use

  Use

  Valuation

  Residential

  $292,569

  Hospitality

  $267,991

  Educational

  $222,966

  Medical

  $230,634

  Retail

  $346,835

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3105

Longitude

-90.1799

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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