2104 Raymond Road
Retail | 7.00% CAP | 8,000 SqFt
Marketing description
2104 Raymond Road, Jackson, Mississippi 39212. The property is a fully renovated, two-story commercial building. The building includes four large retail spaces perfect for national retail chains. The property also includes a professional office suite with a two-story foyer, multiple offices, and a conference area, perfect for a service business. Finally, on the second level, there is a huge open space with two executive offices overlooking the foyer. The full renovation includes, but is not limited to, a new roof, new windows and doors, a full interior renovation, including interior paint, hardware, electrical rewiring and fixtures, laminate flooring, and new high-efficiency HVAC systems. The city of Jackson, Mississippi, is home to a thriving downtown and many top-rated universities. There is a limited supply and high demand for affordable apartments located in gated, guarded communities.
Investment highlights
- Fully renovated, two-story commercial building
- Four large retail spaces perfect for national retail chains
- Professional office suite with a two-story foyer, multiple offices, and a conference area
- Huge open space on second level with two executive offices overlooking the foyer
- New roof
- New windows and doors
- Full interior renovation including interior paint, hardware, electrical rewiring and fixtures
- Laminate flooring
- New high-efficiency HVAC systems
- High-visibility, 8,000 SF commercial outparcel
- Located at the heart of the South Jackson retail corridor
- 95% complete
- Most modern and move-in ready commercial structure in the immediate vicinity
- Market value: $1,600,000 after rent up
- Offered at $1,200,000 (75% of stabilized value)
- Estimated annual net income: $110,160
- 7% capitalization rate
- Cost to build new property would exceed $2,000,000
- Primary outparcel location
- Will be fully occupied within thirty days due to overwhelming market demand
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