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109-111 N State St
Jackson, MS 39201
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Lots of natural light
- Flexible floor plan
- Open plan with exposed brick walls
EXECUTIVE SUMMARY
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: Separate parcel (33-33) with 5 spaces conveys with purchase of building. For Lease: Prime Office/Creative Space in Jackson's Historic Spengler's Corner District
Located in the heart of downtown Jackson, Mississippi, this property offers a unique opportunity within the highly sought-after Spengler's Corner Historic District.
The second floor location 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.
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.
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.
Parking: one dedicated space in parking lot behind building is exclusively for tenant use. In addition, the city of Jackson offers monthly parking permits for use in any metered spot for approx $65/month.
Historic Charm: With its rich history and architectural character, this property is well-positioned as a dynamic central location as downtown Jackson continues to grow and attract like-minded users.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
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.
• Historic Charm: With its rich history and architectural character, this property is well-positioned to appreciate in value as downtown Jackson continues to grow and attract investment.
This is a rare opportunity to own a piece of Jackson’s historic downtown with built-in income potential and room for future growth. Whether you are a seasoned investor or looking to expand your portfolio, this property offers significant upside potential in one of the city’s most vibrant districts.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
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: Separate parcel (33-33) with 5 spaces conveys with purchase of building. For Lease: Prime Office/Creative Space in Jackson's Historic Spengler's Corner District
Located in the heart of downtown Jackson, Mississippi, this property offers a unique opportunity within the highly sought-after Spengler's Corner Historic District.
The second floor location 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.
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.
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.
Parking: one dedicated space in parking lot behind building is exclusively for tenant use. In addition, the city of Jackson offers monthly parking permits for use in any metered spot for approx $65/month.
Historic Charm: With its rich history and architectural character, this property is well-positioned as a dynamic central location as downtown Jackson continues to grow and attract like-minded users.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
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.
• Historic Charm: With its rich history and architectural character, this property is well-positioned to appreciate in value as downtown Jackson continues to grow and attract investment.
This is a rare opportunity to own a piece of Jackson’s historic downtown with built-in income potential and room for future growth. Whether you are a seasoned investor or looking to expand your portfolio, this property offers significant upside potential in one of the city’s most vibrant districts.
Contact your Realtor today to schedule a viewing and explore the full potential of this exceptional downtown property!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,074 SF
Building Class
B
Year Built/Renovated
1920/2016
Price
$375,000
Price Per SF
$92.05
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,048 SF
Building FAR
1.87
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
Historic District - Historic District
Parking
5 Spaces (1.23 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0033-0006-000 | Improvements Assessment | $19,187 |
| Land Assessment | $9,695 | Total Assessment | $28,882 |
PROPERTY TAXES
Parcel Number
0033-0006-000
Land Assessment
$9,695
Improvements Assessment
$19,187
Total Assessment
$28,882
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