400 Mcdowell RdJackson, MS 39204

Property Details for 400 Mcdowell Rd

Year built

2003

Lot size

0.44 AC

Property size (Sq ft)

2,525 SF

Property type

Retail properties

Property subtype

Gas stations

APN

0207 0084 000

APU

2070084000

Description

This exceptional investment opportunity presents a thriving Marathon gas station located at 400 E McDowell Rd, Jackson, MS 39204. Boasting a prime location right off Interstate I-55, this 2,500 square foot station enjoys exceptional visibility and convenient accessibility for both local residents and travelers. The property sits on approximately one acre of land and features three pumps with six dispensers, consistently selling 35,000-40,000 gallons of gas monthly. Inside sales average $70,000 per month, further enhanced by lottery sales revenue – consistently ranking among the top in Mississippi. The current Marathon contract extends until 2025. The station operates from 8 am to 11 pm daily, presenting significant potential for increased revenue through extended hours and improved management. With its proven profitability, strategic location in a high-traffic area, and substantial inside sales, this gas station offers a compelling investment opportunity with significant upside potential. The asking price is $875,000, representing a price per square foot of $350.

• CAP approach

  CAP return

  Valuation

  6%

  $398,965

  6.5%

  $368,276

  7%

  $341,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,375

  Geo Method

  $1,241,167

• Alternative Use

  Use

  Valuation

  Residential

  $310,654

  Hospitality

  $284,558

  Educational

  $236,749

  Medical

  $244,891

  Retail

  $368,276

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.2686

Longitude

-90.2124

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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