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13555031
13543843

46 Northtown Dr, Jackson, MS 39211

MW
MI 6502108208
ProVisions
Listed by ProVisions
$3,122,500
701 days on market
Updated 14 days ago

Fitness Center: The Courthouse

Details
APN 0753 0152 002
Property Type Mixed Use, Special Purpose
Sub Type Sports/Entertainment
Square Footage 59,337
Cap Rate 12.20%
Occupancy 54%
Tenancy Vacant
Lease Type NNN
Pro-Forma NOI $590,402
Broker Co-Op Yes
Year Built 1986
Year Renovated 2024
Buildings 1
Stories 2
Acreage 6.580
Zoning C-3 General Commercial District
Parking Spaces 158 spaces
Parking Per SqFt 2.66
Investment Type Value Add
Tenant Credit Credit Rated
Occupancy Date 06/01/2024
Ground Lease No
Ceiling Height 25
Sale Condition For sale by owner

6.5 Acres | 59,337 SF | C-3 Zoning

Marketing description

The Courthouse at 46 Northtown Drive presents a unique opportunity for lease or purchase in Jackson, Mississippi. Encompassing 59,337 square feet across 6.58 acres, this recently renovated facility, with $1.2 million invested from 2021 to 2026, offers an abundant amount of potential uses, including sports, fitness, entertainment, retail, office flex/tech, multifamily, public storage, educational, worship, events, health care, and physical therapy.

Discover a robust infrastructure with clear heights up to 25 feet, three-phase electrical power, and a reinforced concrete slab with concrete piers and footings at The Courthouse. This superb property also includes a rigid steel frame with vertical and horizontal steel I-beams and six-inch to 8-inch, 18-gauge steel studs 24 inches on center.

Built for recreation and entertainment, this property provides an outdoor and indoor pool, 12 outdoor tennis courts or, 44 outdoor pickleball courts, three indoor tennis or, 10 pickleball courts. Inside the health and fitness facility there are multiple indoor spaces, that are perfect for dance, yoga, spinning, barre, and/or Pilates studio. Additional attractions include proximity to Jackson Country Club and Ross R Barnett Reservoir, ensuring a desirable location adjacent to multifamily residences, public storage, retail outlets, and offices.

Located In the heart of Jackson, getting around town from the entertainment facility is effortless, with just a 15-minute drive to Downtown Jackson and a 27-minute journey to Jackson-Medgar Wiley Evers International Airport (JAN). Seamless access to Interstate 55 and Natchez Trace Parkway further enhances the property's accessibility to residential communities and neighboring cities. The Courthouse is the perfect fit for potential tenants or buyers seeking a dynamic commercial or community-oriented space in the heart of Mississippi's capital city.



SELLER FINANCING AVAILABLE


Investment highlights

  • Excellent Location (Northeast Jackson, MS)

  • 6.5-Acres

  • 59,337 Square Foot Building

  • $1.2 Million in Renovations in 2022 - 2026

  • 158 On-Site Parking

  • Clear Heights up to 25 feet

  • Near The Country Club of Jackson, and Ross R Barnett Reservoir (Large Recreational Lake)

  • Adjacent to: Multi-Family, Public Storage, Retail, Office, and Places of Worship

  • Insured Value of Building, Infrastructure and Land is $15.2 Million

  • Indoor Pool and 8-lane Outdoor Pool

  • 3 Indoor Tennis Courts and 12 Outdoor Tennis Courts

Listing Contacts

MW
MI 6502108208
ProVisions
Listed by ProVisions

Map

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