5124 State StJackson, MS 39206

  • Commercial real estate
  • 6,068 SF
For Sale
$850,000 View listing

Property Details for 5124 State St

Year built
1988
Construction
TYPE NOT SPECIFIED
Lot size
20.28 AC
Property size (Sq ft)
6,068 SF
Property type
Commercial real estate
APN
0517 0832 000
APU
5170832000

Description

This exceptional 20.28-acre vacant land parcel presents a remarkable investment opportunity in Jackson, Mississippi. Located at 5124 North State Street, this property boasts a C-3 zoning designation, opening doors to a wide array of commercial development possibilities. The land is priced at $850,000, translating to $0.96 per square foot. Its strategic location within a thriving retail corridor offers unparalleled access to a substantial consumer base. Over 8,600 people reside within a one-mile radius, while over 49,100 people live within a three-mile radius. Furthermore, the area boasts a strong daytime workforce, with over 61,100 employees within a three-mile radius. The property's proximity to major transportation arteries, including a 21-minute drive to Jackson Medgar Wiley Evers International Airport (12.1 miles), enhances its logistical appeal. The site's advantageous position near Triangle Plaza Shopping Center and numerous national retailers, such as Walmart, Target, McDonald's, and Starbucks, underscores its high-traffic potential and established commercial environment. This property offers significant potential for developers seeking a prime location in a densely populated and commercially active area of Jackson, Mississippi. The zip code is 39206, and the property is situated in Hinds County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,000,740
    Hospitality
    $916,673
    Educational
    $762,661
    Medical
    $788,890
    Retail
    $1,186,361

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.3673
Longitude
-90.1656
CBSA code
27140
CBSA name
JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,595
$33,966
$5,517
$39,483
-
$226,440
$36,780
$263,220

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