3977 Terry RdJackson, MS 39212

Property Details for 3977 Terry Rd

Year built

1996

Construction

WOOD

Lot size

0.63 AC

Property size (Sq ft)

4,543 SF

Property type

Office properties

Property subtype

Office buildings

APN

0861 0206 000

APU

8610206000

Description

This exceptional commercial property, situated at 3977 Terry Road in Jackson, Mississippi, presents a compelling investment opportunity. Boasting 4,598 square feet on a 0.63-acre lot, this property enjoys a prime location on Terry Road, ensuring high visibility and accessibility for any business. Its strategic placement offers easy access to major highways and nearby amenities, maximizing convenience for both customers and employees. Currently priced at $185,000, this property is offered as-is, presenting a chance for significant value appreciation through renovation and customization. The existing structure offers ample space and a flexible layout, allowing for a wide range of commercial uses. The property includes ample parking, a significant advantage in a high-traffic area. While requiring some renovations, this property's potential is undeniable, making it an attractive prospect for investors and business owners seeking a high-visibility location in a growing area of Jackson. The substantial square footage and adaptable layout provide the canvas for a thriving business venture tailored to the needs of the community. This is a rare opportunity to acquire a well-positioned commercial property at a competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $638,752

  6.5%

  $589,617

  7%

  $547,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $346,544

  Geo Method

  $886,158

• Alternative Use

  Use

  Valuation

  Residential

  $731,125

  Hospitality

  $669,707

  Educational

  $557,188

  Medical

  $576,351

  Retail

  $866,737

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.2366

Longitude

-90.2343

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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