225 Meadowbrook RdJackson, MS 39206

Property Details for 225 Meadowbrook Rd

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.41 AC

Property size (Sq ft)

85,159 SF

Property type

Specialty properties

Property subtype

Other shopping centers

APN

0430 0034 000

APU

4300034000

Description

Meadowbrook Shopping Center, a prominent retail property in Northern Jackson, Mississippi, presents a unique investment opportunity. Strategically located at the intersection of North State Street and Meadowbrook Road, near Interstate 55, this center enjoys exceptional visibility and accessibility. The property encompasses a total of 106,345 square feet on an 8.88-acre lot (386,640 square feet). Currently, there are 89,223 square feet of vacant space available, offering significant potential for redevelopment or expansion. Space sizes range from a minimum of 875 square feet to a maximum contiguous space of 26,750 square feet, catering to a variety of retail tenants. The property features one single-story building and is zoned C-3. Previous tenants include Fred's (26,750 sq ft), All American Check Cashing (875 sq ft), Trustmark Bank (vacant outparcel 0.4-0.8 acres), and Regions Bank (potential redevelopment pad site up to 0.5 acres). North State Street and Meadowbrook Road provide major north-south and east-west thoroughfares, ensuring high traffic volume and excellent exposure for businesses. The property's Hinds County location within the OZ - MS Hinds submarket offers strong potential for growth and return on investment. The APN is 430-34.

• CAP approach

  CAP return

  Valuation

  6%

  $18,036,992

  6.5%

  $16,649,530

  7%

  $15,460,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,369,930

  Geo Method

  $41,860,008

• Alternative Use

  Use

  Valuation

  Residential

  $14,044,502

  Hospitality

  $12,864,688

  Educational

  $10,703,270

  Medical

  $11,071,371

  Retail

  $16,649,530

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3492

Longitude

-90.1769

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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