808 State StJackson, MS 39202

Property Details for 808 State St

Year built

1920

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

3,161 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

0023 0049 000

APU

230049000

Description

This exceptional 3,161 square foot retail property, situated on a 0.15-acre lot at 808 N State Street Unit 10 in Jackson, MS, presents a unique investment opportunity. Currently configured as a duplex, the upper level operates as an Airbnb, while the lower level serves as office space. Multiple office spaces are available, complemented by a convenient break room, a comfortable sitting area, laundry facilities, and restrooms. The property's central downtown location offers unparalleled accessibility. Its proximity to Trio Restaurant, hospitals, clinics, universities, diverse restaurants, grocery stores, and other offices ensures high visibility and foot traffic. This property is being sold "as is," providing a blank canvas for a savvy investor to capitalize on its existing income streams or to reimagine its potential. The property's versatile layout and prime location make it ideal for a variety of commercial uses. The existing Airbnb operation demonstrates the strong rental demand in the area, while the office space offers immediate income potential. This is a rare chance to acquire a well-positioned property in a thriving Jackson, MS neighborhood. The asking price is $235,000.

• CAP approach

  CAP return

  Valuation

  6%

  $339,767

  6.5%

  $313,631

  7%

  $291,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $241,124

  Geo Method

  $616,585

• Alternative Use

  Use

  Valuation

  Residential

  $388,902

  Hospitality

  $356,232

  Educational

  $296,381

  Medical

  $306,574

  Retail

  $461,037

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3089

Longitude

-90.1781

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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