401 Capitol StJackson, MS 39201

Property Details for 401 Capitol St

Year built

1983

Construction

TYPE NOT SPECIFIED

Lot size

0.58 AC

Property size (Sq ft)

92,232 SF

Property type

Office properties

Property subtype

Office buildings

APN

0192 0034 000

APU

1920034000

Description

The Heritage Building, a Class A, six-story office building (95,061 square feet total) located at 401 E Capitol St, Jackson, MS 39201, offers exceptional office space in the heart of the historic district. Built in 1915 and extensively renovated in 2021, this property boasts a prime location directly across from the Governor's Mansion. The building is zoned C-2 and features three elevators for convenient access to multiple floors. Tenants can choose from a variety of spaces, with a minimum divisible space of 146 square feet and a maximum contiguous space of 5,444 square feet. Currently, 23,471 square feet of space is available. The building sits on a 0.58-acre lot and is ideally suited for a range of professional businesses, including law firms and engineering companies. Its strategic location offers unparalleled proximity to key government buildings, including the Hinds County Courthouse, Municipal Court Building, U.S. Courthouse, and the Mississippi Supreme Court. A variety of restaurants are also within easy walking distance, providing convenient options for lunch and after-work gatherings. This is a rare opportunity to secure prestigious office space in a landmark building within a thriving downtown Jackson location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,913,752

  6.5%

  $9,151,156

  7%

  $8,497,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,035,539

  Geo Method

  $17,990,774

• Alternative Use

  Use

  Valuation

  Residential

  $11,347,433

  Hospitality

  $10,394,188

  Educational

  $8,647,842

  Medical

  $8,945,255

  Retail

  $13,452,199

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.2994

Longitude

-90.1827

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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