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1410-1444 Ellis Ave 13,944 SF Retail Building Jackson, MS 39204 $1,050,000 ($75.30/SF) 10.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Motivated Seller
- High-Visibility, Accessible Location
- Dense Regional Trade Area
- Immediate Cash Flow with Upside
- Proven, Long-Term Tenants
- Everyday-Needs, Internet-Resistant Tenancy
EXECUTIVE SUMMARY
Jackson Strip Center is a 13,944 SF retail center situated on Ellis Avenue(14,000 VPD) with close proximity to Highway 80 and Interstate 20. The center is occupied currently 74% occupied by tenants including Wingstop, Boost Mobile, Laundry World and others.
Jackson, Mississippi, the “City with Soul,” is a thriving capital city positioned at the heart of the state’s economic, cultural, and educational activity. With a metro population of nearly 600,000, Jackson benefits from steady traffic driven by state government offices, major universities, and regional healthcare centers, creating a strong daytime workforce and consistent consumer base. The city’s strategic location at the crossroads of Interstates 20 and 55 provides excellent connectivity, drawing shoppers from across central Mississippi. With its growing mix of retail, dining, and entertainment offerings, combined with a business-friendly environment and affordable real estate, Jackson presents an exceptional opportunity for investors looking to capture both local loyalty and regional demand.
Jackson, Mississippi, the “City with Soul,” is a thriving capital city positioned at the heart of the state’s economic, cultural, and educational activity. With a metro population of nearly 600,000, Jackson benefits from steady traffic driven by state government offices, major universities, and regional healthcare centers, creating a strong daytime workforce and consistent consumer base. The city’s strategic location at the crossroads of Interstates 20 and 55 provides excellent connectivity, drawing shoppers from across central Mississippi. With its growing mix of retail, dining, and entertainment offerings, combined with a business-friendly environment and affordable real estate, Jackson presents an exceptional opportunity for investors looking to capture both local loyalty and regional demand.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
13,944 SF
Building Class
C
Year Built/Renovated
1974/1983
Price
$1,050,000
Price Per SF
$75.30
Cap Rate
10.84%
NOI
$113,777
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.08 AC
Zoning
C-3 - Commercial
Parking
80 Spaces (5.74 Spaces per 1,000 SF Leased)
Frontage
375’ on Ellis Ave
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0222-0024-000 | Improvements Assessment | $51,341 |
| Land Assessment | $16,713 | Total Assessment | $68,054 |
PROPERTY TAXES
Parcel Number
0222-0024-000
Land Assessment
$16,713
Improvements Assessment
$51,341
Total Assessment
$68,054
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1410-1444 Ellis Ave
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