602 Rose StJackson, MS 39203

Property Details for 602 Rose St

Year built

1955

Lot size

0.23 AC

Property size (Sq ft)

2,747 SF

Property type

Retail space

Property subtype

Storefront properties

APN

0144 0249 000

APU

1440249000

Description

This 1,955 square foot commercial property, situated on a 0.23-acre lot at 602 Rose Street in Jackson, MS, presents a compelling investment opportunity. Its strategic location offers exceptional visibility and accessibility, placing it within close proximity to Jackson State University, boasting a combined student and faculty population exceeding 10,000. This high concentration of potential customers makes the property ideally suited for a variety of commercial ventures. The property's proximity to a major Jackson church further enhances its appeal, contributing to a consistently high volume of pedestrian and vehicular traffic. The existing building provides ample space for a range of businesses, making it suitable for a service station, retail store, or a similar establishment such as a Dollar General. The 0.23-acre lot offers potential for expansion or outdoor amenities, depending on the chosen business model. Given its prime location, high traffic volume, and versatile space, this property represents a significant opportunity for investors seeking a strong return on investment in a thriving Jackson, MS market. The asking price is $105,000.

• CAP approach

  CAP return

  Valuation

  6%

  $434,043

  6.5%

  $400,655

  7%

  $372,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $528,050

  Geo Method

  $1,350,291

• Alternative Use

  Use

  Valuation

  Residential

  $337,967

  Hospitality

  $309,576

  Educational

  $257,564

  Medical

  $266,422

  Retail

  $400,655

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3014

Longitude

-90.2012

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].