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

The IDX display contains information sourced from the MLS United as of 12/10/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/10/2024 at 7:41 PM UTC

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