For Sale
$750,000

3501 Terry RdJackson, MS 39212

Prime Terry Road location, multi-tenant retail space.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a well-maintained, multi-tenant retail center ideally situated on Terry Road in Jackson, Mississippi. The property, encompassing 20,000 square feet across three single-story buildings, boasts a desirable C3 zoning designation. Constructed in 1990 and renovated in 2010, the center offers a blend of established character and modern updates. Currently operating at 75% occupancy with a gross lease structure, the property features a remaining lease term of 5 years. The asking price is $750,000, representing a compelling $37.50 per square foot and an attractive 8.00% capitalization rate. The property's location at 3501 Terry Rd, Jackson, MS 39212 (APN 626-78-1) ensures high visibility and accessibility within a thriving commercial corridor. This is an excellent opportunity for investors seeking a stable, income-generating asset in a strong Mississippi market. The property's solid history, combined with its strategic location and current occupancy rate, makes it a highly attractive investment prospect. Further details are available upon request.

Highlights

  • Asking Price: $995,000 - $1,100,000
  • Price Per Square Foot: $49.75 - $55

Property Details for 3501 Terry Rd

Property type
Retail properties, Retail space
Square Feet
20,000 SF
Class
C
Year Built/Renovated
1990/2010
Buildings
3
Stories
1

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.251346036029
Longitude
-90.225484444338
3501 Terry Rd, Jackson, Mississippi

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3501 Terry Rd
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