For Sale
$525,000

123 State St Jackson, MS 39201

Historic 3-Story Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional value-add investment opportunity presents a historic three-story office building located at 123 N State St in the heart of Jackson, Mississippi. Known as "The Lavorn," this mixed-use property boasts a total of 5,044 square feet, currently operating at 50% occupancy. The asking price is $525,000, translating to $104.08 per square foot. The building's traditional office layout offers multiple rooms and/or offices on each of its three floors, providing significant potential for renovation and increased rental income. Situated in Hinds County, zip code 39201, this property presents a unique chance to capitalize on the revitalization of downtown Jackson. The building's prime location and historic character offer a compelling investment proposition for those seeking a value-add project with substantial upside potential. The property's existing infrastructure provides a solid foundation for future improvements and tenant enhancements. This is an excellent opportunity to acquire a significant piece of Jackson's history and contribute to its ongoing growth. Further details are available upon request.

Highlights

  • Asking price: $525,000
  • Mixed-use, multifamily, and traditional office property totaling 5,044 square feet
  • Value-add investment opportunity with a price per square foot of $104.08
  • Currently 50% occupied
  • Three-story building located at 123 N State St, Jackson, MS 39201.

Property Details for 123 State St

Property type
Office properties, Mixed-use properties
Square Feet
5,044 SF
Buildings
1
Stories
3

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.3000344
Longitude
-90.18057

FAQs

What type of property is this?
Office property - Historic 3-Story Office Building, Value-Add Opportunity
Where is the office property located?
The property is located at 123 State St Jackson, MS.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Asking price: $525,000; Mixed-use, multifamily, and traditional office property totaling 5,044 square feet; Value-add investment opportunity with a price per square foot of $104.08
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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123 State St
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