1010 Northside DrJackson, MS 39206

Property Details for 1010 Northside Dr

Year built

1962

Lot size

0.59 AC

Property size (Sq ft)

38,964 SF

Property type

Retail space

Property subtype

Storefront properties

APN

0511 0550 000

APU

5110550000

Description

This exceptional three-story, 41,567-square-foot storefront at 1010 E Northside Drive in Jackson, Mississippi, presents a unique investment opportunity. Built in 1962 with an addition in 1993 and renovated in 2000, this CMU structure features concrete pilings and reinforced concrete floors. The building boasts a spacious layout: 10,454 square feet on the first floor, 19,881 square feet on the second, and 11,241 square feet on the third. Conveniently located just 100 yards from I-55 North exit ramps, it benefits from high visibility and accessibility. The property enjoys excellent traffic counts, with 18,000 vehicles daily on Northside Drive and 115,000 on I-55 North, serving a population of 51,700 within a three-mile radius. Practical features include a freight elevator, a 402-square-foot covered loading dock, and 26 covered first-floor parking spaces. The roof, installed five years ago, carries a remaining 15-year warranty. Previously used as a furniture store, this versatile property is ideally suited for conversion to self-storage, professional office space, or continued retail use. Asking price is $1,475,000. The property is located in Hinds County, Mississippi, zip code 39206.

• CAP approach

  CAP return

  Valuation

  6%

  $8,252,720

  6.5%

  $7,617,895

  7%

  $7,073,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,489,966

  Geo Method

  $19,152,800

• Alternative Use

  Use

  Valuation

  Residential

  $6,425,980

  Hospitality

  $5,886,162

  Educational

  $4,897,218

  Medical

  $5,065,641

  Retail

  $7,617,895

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3563

Longitude

-90.154

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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