3111 W Capitol St - Freestanding FOR SALE


Jackson, MS 39209
$30,000 USD
954-245-3581
3111 W Capitol St, Jackson, MS for Sale
$30,000 USD
Freestanding - FOR SALE
1/25
null | Request Cap Rate

3111 W Capitol St
Jackson, MS 39209


HIGHLIGHTS

  • STARTING BID $30,000 | Former Family Dollar Anchored Retail Center | 23,471 SF | 2003 Built | AUCTION FEBRUARY 24-26, 2025
  • 23,471 SF Neighborhood Value-Add Retail Center Formerly Anchored by Family Dollar
  • ±11,738 VPD Traffic and Excellent Visibility on W Capitol St as well as Near I-220 Interchange with ±63K VPD
  • Population of ±107,978 and Average Household Income of ±$45,932 (5-Mile Radius)
  • Zoned C-2, Limited Commercial with a Variety of Commercial Uses and Activities

OVERVIEW

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace AUCTION SITE: https://rimarketplace.com/auction/2341/former-family-dollar-anchored-retail-center-23-471-sf-2003-built?utm_source=costar Marcus & Millichap and RI Marketplace are pleased to present two vacant, free-standing, retail buildings located at 3111 W Capitol Street in Jackson, MS (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. 3111 W Capitol is improved with two buildings totaling ±23,471 square feet building and is strategically positioned on ±2.0 acres with ample, dedicated parking and multiple points of ingress/egress. This multi-tenant Property was formerly occupied by Metro PCS, Regions Bank, and Family Dollar offers potential owner users/investors the ability to acquire two free-standing buildings with significant value add through lease up at long term market rates. Zoned “C-2” Limited Commercial District, this zoning offers favorable flexible zoning allowing for a variety of retail uses via adaptive reuse or repositioning. The Property is located in Jackson, MS, the most populous city of the U.S. state of Mississippi, within a federal opportunity zone in Hind County. Jackson is the educational, cultural, medical, and governmental center of the state. The Property is located across from the Jackson Zoo on W Capitol Street (±11,738 VPD) and a mile from the Interstate 220 (63K VPD) interchange which provides direct routes to other major cities and regions. The Property is located 10 minutes from downtown Jackson and the state capitol. The two largest industries in the city are Health Care with two major medical centers, including the only medical school in the state; and higher education with 7 institutions, enrolling more than 40,000 students within the metropolitan area. This Property is positioned ±7-min from Jackson State University and ±12-min from University of Mississippi Medical Center. The Property is positioned in a dense area with ±52,794 people within a 3-mile radius and ±107,978 people with an AHHI of $45,932 within an expanded 5-mile area. William Head c/o Fisher Auction Company Inc. License: 892 Broker #: 19794

FOR SALE DETAILS

PRICE

$30,000 USD

PRICE/SF

$1 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Former Family Dollar Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C-2

APN/PARCEL ID

0121-0052-000

ASK ABOUT THIS PROPERTY

Jalen MartinMarcus & MillichapMore Info
954-245-3581

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Jalen MartinMarcus & MillichapMore Info
954-245-3581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.