1440 Canton Mart RdJackson, MS 39211

Property Details for 1440 Canton Mart Rd

Year built

1972

Lot size

0.25 AC

Property size (Sq ft)

2,984 SF

Property type

Retail properties

Property subtype

Banks

APN

0507 0251 000

APU

5070251000

Description

This exceptional 2,300 square foot free-standing building, formerly a Trustmark Bank, presents a unique investment opportunity in the thriving Deville Plaza shopping center in North Jackson, Mississippi. Situated on a 13.886-acre lot at the hard corner of Interstate 55's frontage road and Canton Mart Road, this property benefits from exceptional visibility and high traffic counts—98,000 vehicles daily on I-55 and 12,000 on Canton Mart Road. The single-story, 5,186 square foot building, constructed in 1972, features a convenient covered drive-thru, ideal for a bank or a retailer seeking a high-profile location. The C-3 zoning allows for a variety of uses. Deville Plaza is an established open-air center, anchored by strong national tenants including Planet Fitness, CVS Pharmacy, Ace Hardware, and Napa Auto Parts, ensuring a robust customer base. This triangle-shaped building offers excellent access to the I-55 corridor, connecting businesses to Jackson and surrounding communities like Madison, Ridgeland, and Flowood. The property's prominent location and existing infrastructure make it an attractive option for businesses seeking significant visibility and convenient access. The available space presents a chance to establish a strong presence in a well-established and high-traffic retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $632,022

  6.5%

  $583,405

  7%

  $541,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $573,608

  Geo Method

  $1,466,789

• Alternative Use

  Use

  Valuation

  Residential

  $492,124

  Hospitality

  $450,783

  Educational

  $375,046

  Medical

  $387,945

  Retail

  $583,405

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.367

Longitude

-90.1484

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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