216 W Capitol Street, Jackson, MS 39201 (MLS# 1258423)

216 W Capitol Street, Jackson, MS 39201

$767,000

Property Type: Commercial Sale Square Footage: 21,000 Lot Size (sq. ft.): 30,492 Status: Closed

Current Price: $767,000 List Date: 11/04/2013 Last Modified: 11/19/2024

Overview

Description

Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.

Listing Details MLS# 1258423

General Property Information

Approx Lot Size Acres: 0.7
Lot Size Dimensions: SURVEY
Approx H/C SqFt: 21000
SqFt Source: Owner
List Price/SqFt: 42.86
Divisible: No
Year Built: 1935
Total Floors: 2
Property Sub Type: Retail

Property Features

Business Type: General Business Current Use: Retail Commercial Features: Delivery Door; Display Window(s); Dock Height Loading; Doors 10-15 Feet; Dumpster; Fire Stairs; Living Space Available; Load Dock Grade; Partial Fencing; Public Restroom(s); Rest Rooms; Security System Electricity Features: 100 Amp Service; 200+ Amps; 110 Volt; 220 Volts Location: City Street; Downtown; Historic Area; Public Transport Flooring: Carpet; Ceramic Tile; Wood Cooling: Central Air Heating: Central; Natural Gas; Other Utilities: Electricity Available; Natural Gas Available; Water Available Sewer: Public Sewer Water Source: Public Foundation Details: Block; Concrete Perimeter; Slab Listing Terms: Cash Available Documents: Drawings; Environmental Impact Study; Land Survey; Legal Description Lot Size Range: .5 to 1 Acres

Address and Location Information

Street Number: 216
Street Direction: W
Street Name: Capitol
Street Suffix: Street
County: Hinds
State: MS
Zip Code: 39201
Parcel Number: 86-73
Subdivision: Derks Addition
Directions to Property: West Capitol St. in Downtown Jackson located across the street from the King Edward Hotel Project

Listing Information

Property Sub Type: Retail
Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 18875
Tax Year: 2012
Flood Insurance Required?: Yes
Leasehold Y/N: No
Leasehold Fee Increase: No
Legal Description: Survey available
Complex Name: LOTT FURNITURE

Status Change Info

Contract Date/Pending Date: 2016-07-29
Closing Date: 2016-09-13
Sold Price/SqFt: 36.52

More Information

Commercial Features

Business Included: No
Divisible: No
Expandable: No
Frontage Feet: 125
Number of Docks: Yes
Number of Restrooms: 6
Number of Rooms: 20

Auction

Auction: No

Listing Office: Guckert Realty Group, LLC

Listing Agent: Robert Lacoste

Last Updated: November - 19 - 2024

216 W Capitol Street, Jackson, MS 39201 (MLS# 1258423)