955 State StJackson, MS 39202

Property Details for 955 State St

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

14,228 SF

Property type

Retail properties

Property subtype

Retail space

APN

0040 0023 000

APU

400023000

Description

This 13,905-square-foot freestanding pharmacy building, constructed in 1999, presents a unique investment opportunity. The single-tenant property sits on 1.27 acres of land in Hinds County, boasting a convenient covered drive-thru, a prominent pylon sign, and a loading dock. With 53 total parking spaces, it offers ample customer convenience. The building's zoning is General Commercial. Its strategic location at a signalized intersection across Fortification Street from the Mississippi Baptist Medical Center, a 638-bed acute care hospital, provides exceptional visibility and access to a substantial patient base. The hospital admits approximately 21,000 patients and handles over 220,000 outpatients annually. This prime location is also within a half-mile of Jackson's central business district (CBD) and the Mississippi State Capitol, benefiting from the proximity to over 2.5 million square feet of office space and more than 20,000 employees. Furthermore, Belhaven College and Millsaps College are less than a mile to the north. The property is available for sale at $1.5 million.

• CAP approach

  CAP return

  Valuation

  6%

  $2,248,110

  6.5%

  $2,075,179

  7%

  $1,926,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,735,018

  Geo Method

  $6,993,790

• Alternative Use

  Use

  Valuation

  Residential

  $1,750,491

  Hospitality

  $1,603,440

  Educational

  $1,334,044

  Medical

  $1,379,923

  Retail

  $2,075,179

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3117

Longitude

-90.1784

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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