Active
109 N State Street, 11
Jackson MS, 39201
$400,000
$98.18 per sqft
Active
4,074 sqft
Commercial
Built in 1920
Listed by Alicen Blanchard 601-260-0699 with Overby, Inc.
For Sale: Prime Investment Opportunity in Jackson's Historic Spengler's Corner District
Located in the heart of downtown Jackson, Mississippi, this property offers a unique investment opportunity within the highly sought-after Spengler's Corner Historic District. Comprising two distinct spaces, this mixed-use building provides a stable income stream with the potential for additional value creation.
Ground Floor: The ground-floor space is currently leased to Offbeat Records, a well-established and popular local business that has become a fixture in the community. This lease provides immediate cash flow and a reliable tenant in a vibrant, high-foot-traffic area.
Second Floor: The second floor offers a versatile office/loft/creative space that can easily be adapted to a wide range of uses, from professional offices to artist studios or co-working spaces. Featuring an open layout with natural light and historic charm, this area presents a perfect opportunity to attract tenants seeking an inspiring and functional environment. The space is ready for lease and can be tailored to meet the needs of a variety of businesses.
Why Invest Here?
Prime Location: Situated in the Spengler's Corner Historic District, this property is in the center of downtown Jackson's revitalization efforts, with easy access to major highways, public transportation, and a mix of local dining, retail, and cultural attractions.
Stable Income: The ground-floor tenant, Offbeat Records, is an established business with a solid track record, providing immediate rental income.
Versatile Space: The second-floor space offers endless potential for customization, allowing you to capitalize on the growing demand for office and creative workspaces in downtown Jackson.
Historic Charm: With its rich history and architectural character, this property is well-positioned to appreciate in value as downtown Jackson continues to grow and attract investment.
This is a rare opportunity to own a piece of Jackson's historic downtown with built-in income potential and room for future growth. Whether you are a seasoned investor or looking to expand your portfolio, this property offers significant upside potential in one of the city's most vibrant districts.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
4098007
MLSⓇ ID
December 2, 2024
Listed
December 10, 2024
Updated
Map
109 N State Street, 11
Jackson MS, 39201
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.05 Acres
Other Property Details
Taxes
$6,024
Tax Frequency
Annually
Garage
No
View
No
County
Hinds
Pool
No
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Data last updated on 12/10/2024 at 7:41 PM UTC