109 N State Street #111 Jackson, MS 39201
Downtown mixed-use property offering a compelling investment opportunity with strong current income.
Marketing description
For Sale: Prime Investment Opportunity in Jackson’s Historic Spengler's Corner District
Located in the heart of downtown Jackson, Mississippi, this property offers a unique investment opportunity within the highly sought-after Spengler’s Corner Historic District. Comprising two distinct spaces, this mixed-use building provides a stable income stream with the potential for additional value creation.
Ground Floor: The ground-floor space is currently leased to Offbeat Records, a well-established and popular local business that has become a fixture in the community. This lease provides immediate cash flow and a reliable tenant in a vibrant, high-foot-traffic area.
Second Floor: The second floor offers a versatile office/loft/creative space that can easily be adapted to a wide range of uses, from professional offices to artist studios or co-working spaces. Featuring an open layout with natural light and historic charm, this area presents a perfect opportunity to attract tenants seeking an inspiring and functional environment. The space is ready for lease and can be tailored to meet the needs of a variety of businesses.
Parking: Five dedicated spaces in a separate parcel that conveys with the property. In addition, the City of Jackson offers monthly parking permits in any metered space for approximately $65/month.
Investment highlights
Why Invest Here?
Prime Location: Situated in the Spengler’s Corner Historic District, this property is in the center of downtown Jackson's revitalization efforts, with easy access to major highways, public transportation, and a mix of local dining, retail, and cultural attractions.
Stable Income: The ground-floor tenant, Offbeat Records, is an established business with a solid track record, providing immediate rental income.
Versatile Space: The second-floor space offers endless potential for customization, allowing you to capitalize on the growing demand for office and creative workspaces in downtown Jackson.
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