304 Mitchell AveJackson, MS 39216

Property Details for 304 Mitchell Ave

Year built

1938

Lot size

0.20 AC

Property size (Sq ft)

1,439 SF

Property type

Retail properties

Property subtype

Retail space

APN

0051 0069 000

APU

510069000

Description

This 1,568 square foot, single-story office building at 304 Mitchell Avenue in Jackson, Mississippi's vibrant Fondren submarket, presents a unique leasing opportunity. Built in 1938 and completely renovated in 2023, the Class B property is zoned UV-Urban Village Mixed Used District and offers flexible layouts suitable for various business types. Currently, the entire space is available for lease. The building's features include multiple tenancy options, allowing for customization to suit individual business needs, ranging from traditional office setups to coworking spaces, creative offices, executive suites, or medical offices. The property boasts ample natural light and a prime location within the thriving Fondren community, providing easy access to local amenities and a dynamic business environment. While there are no elevators, the single-story design ensures convenient accessibility. This exceptional property offers a blend of historic charm and modern functionality, making it an ideal location for businesses seeking a unique and well-situated office space in Jackson, MS. The address is 304 Mitchell Ave, Jackson, MS 39216, near Downing Street.

• CAP approach

  CAP return

  Valuation

  6%

  $304,786

  6.5%

  $281,340

  7%

  $261,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,616

  Geo Method

  $707,342

• Alternative Use

  Use

  Valuation

  Residential

  $237,321

  Hospitality

  $217,385

  Educational

  $180,862

  Medical

  $187,082

  Retail

  $281,340

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3356

Longitude

-90.1799

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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