5608 N State St - Freestanding FOR SALE


Jackson, MS 39206- North Jackson
$125,000 USD
617-699-0128
5608 N State St, Jackson, MS for Sale
$125,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

5608 N State St
Jackson, MS 39206
North Jackson


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former NAPA Auto Parts | 23K VPD | Jackson, MS | AUCTION OCTOBER 27-29
  • 6,000 SF Value-Add Retail (Former NAPA Auto Parts) in Jackson, MS; ±1-mile from I-55 (±89K VPD)
  • 23K+ VPD Traffic Counts at Signalized Intersection (±17,245 VPD on US Hwy 51 & ±6,447 VPD on Presto Lane)
  • Nearby Demand Drivers: CarMax, Chili’s, Dollar General, Sonic, Aamco Transmissions, Exxon, Salvation Army, Callaway High School
  • Attractive Demographics with 5-Mile Population of ±100,644 People with Annual Household Income of $66,806
  • Zoning: I-2, Heavy Industrial, allowing Flexibility and a Variety of Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 5608 N State Street in Jackson, Mississippi (the “Property”). Formerly occupied by NAPA Auto Parts, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE! Built in 2007, the Property consists of a one-story, free-standing retail building containing ±6,000 square feet, with 26 total surface parking spaces on a ±0.75-acre parcel. The site is positioned on a hard corner and is easily accessible via two (2) ingress/egress curb cuts and 159’ frontage along US Highway 51 and 171’ frontage along Culley Drive. Zoned I-2, Heavy Industrial District, this zoning offers favorable flexible zoning allowing for a variety of uses. The Property is located in Jackson, Mississippi, the state’s capital and largest city, within Hinds County and the North Jackson submarket. The Property benefits from excellent highway visibility and access on US Highway 51 (N State Street) with traffic counts of 17,245 vehicles per day at the signalized intersection of Presto Lane with 6,447 VPD. Positioned 1-mile west of I-55 (±89K VPD), the site offers excellent accessibility to major transportation corridors, including I-220 (±64,559 VPD) and Natchez Trace Pkwy, facilitating regional connectivity. The surrounding area features a strong mix of national retailers such as CarMax, Chili’s, Dollar General, Sonic, Aamco Transmissions, Exxon, and Salvation Army, which cater to both local residents and transient traffic along US-51. The Property is located just ±10-min from downtown Jackson and just south of the cities of Ridgeland and Madison. The Property is positioned in a dense and established trade area, with ±51,210 residents within a 3-mile radius and ±100,644 residents within a 5-mile radius, boasting an average household income of $66,806.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former NAPA Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

0723-0021-003

ASK ABOUT THIS PROPERTY

Kyle HynesMarcus & MillichapMore Info
617-699-0128

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Kyle HynesMarcus & MillichapMore Info
617-699-0128

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