214 S State St - Restaurant FOR SALE


Jackson, MS 39201- City Center Jackson
$1,745,454 USD
601-613-3971
214 S State St, Jackson, MS for Sale
$1,745,454 USD
Restaurant - FOR SALE
1/10
null | 8.25% Cap Rate

214 S State St
Jackson, MS 39201
City Center Jackson


HIGHLIGHTS

  • Located in Jackson’s Historic Downtown, steps from the Capitol
  • Fully leased to a long-standing restaurant and music venue
  • New parking lot added in 2021 for events and overflow
  • Kitchen fully remodeled in 2020 with modern equipment
  • HVAC systems replaced between 2013 and 2022
  • Positioned near major hospitals, colleges, and event venues

OVERVIEW

Located in the heart of Mississippi’s capital city, Martin’s Downtown is a rare opportunity to acquire a fully operational, legacy restaurant and entertainment venue with deep community roots and strong financial performance. Situated at 214 State Street in Jackson’s Historic Downtown, this 14,138-square-foot property spans two two-story buildings and includes a restaurant, bar, stage, and upper-level office and storage space. The property has undergone significant capital improvements, including a full kitchen remodel in 2020 and HVAC replacements between 2013 and 2022. A new parking lot, added in 2021 and included in the sale, provides additional capacity for events such as BBQ contests and Jackson’s nationally recognized St. Patrick’s Day Parade, which centers around Martin’s. Martin’s Downtown is a cultural staple and one of the city’s most beloved live music venues. It is also a favorite among Mississippi legislators, with the State Capitol just blocks away. The location benefits from proximity to the Mississippi Coliseum, five major hospitals, and two colleges, ensuring a steady stream of patrons year-round. This offering presents a stable investment with a 10-year lease in place and a strong 8.25% cap rate. With a rich history dating back to 1954 and a loyal customer base, Martin’s Downtown is more than a property—it’s a cornerstone of Jackson’s entertainment and dining scene.

FOR SALE DETAILS

PRICE

$1,745,454 USD

PRICE/SF

$123 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

0193-0005-000

ASK ABOUT THIS PROPERTY

Andrew Bush CPM, CCIMEstes GroupMore Info
601-613-3971

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Andrew Bush CPM, CCIMEstes GroupMore Info
601-613-3971

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