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$1 Auction - 9.7 AC Parcel | 32K SF Building 300 W Monument St 32,000 SF Industrial Building Jackson, MS 39203 $50,000 ($1.56/SF)
Investment Highlights
- ABSOLUTE $1 AUCTION | 9.7 Acre Parcel | 32K SF Building | Jackson, MS | AUCTION MARCH 23-25
- ±14,911 VPD Combined Traffic Counts at Signalized Hard Corner of W Monument St and Bailey Ave; Positioned 1.5-Mile From I-55 Interchange with Traffic
- Dense Demographics with 3-Mile Population of ±47,436 Individuals and 5-Mile Population of ±110,396
- ±9.7 Acre Industrial Development Site with 32K SF Building in Jackson, MS
- Zoned I-2, Heavy Industrial District, with Flexible Uses Permitted including Self-Storage, Car Wash, Retail, Warehouse, and many more
- Absolute $1 Auction – NO RESERVE!
Executive Summary
Marcus & Millichap is pleased to present a 9.7-acre parcel located at 300 W Monument Street (the “Property”) in Jackson, Mississippi. This Property offers an exceptional investment opportunity to develop a large industrial parcel approximately 1.5-miles from I-55. FIRST BID MEETS RESERVE!
The Property consists of a ±9.7-acre development parcel including a ±32,000 SF vacant building in a robust trade area near a mix of residential and industrial demand generators. The Property benefits from highly favorable and flexible I-2, Heavy Industrial zoning that allows for a wide variety of uses including retail, self-storge, car wash, warehouse, liquor store, and others. Disclaimer: The Seller does not have a survey – building size, parcel size and outline obtained from Hinds County Assessor and CoStar.
The Property is located in Jackson, Mississippi, the state’s capital and largest city, within Hinds County. The Property benefits from excellent visibility and access on W Monument Street with traffic counts of 5,818 vehicles per day at the signalized intersection of Bailey Avenue with 9,093 VPD. Positioned 1-mile west of I-55 (±111K VPD), the site offers excellent accessibility to major transportation corridors, downtown Jackson, and Jackson State University. The Property is located just ±1-mile from downtown Jackson and just 1-mile east of Jackson State University. The Property is positioned in a dense and established trade area, with ±47,436 residents within a 3-mile radius and ±110,396 residents within a 5-mile radius, boasting an average household income of $48,963.
The Property consists of a ±9.7-acre development parcel including a ±32,000 SF vacant building in a robust trade area near a mix of residential and industrial demand generators. The Property benefits from highly favorable and flexible I-2, Heavy Industrial zoning that allows for a wide variety of uses including retail, self-storge, car wash, warehouse, liquor store, and others. Disclaimer: The Seller does not have a survey – building size, parcel size and outline obtained from Hinds County Assessor and CoStar.
The Property is located in Jackson, Mississippi, the state’s capital and largest city, within Hinds County. The Property benefits from excellent visibility and access on W Monument Street with traffic counts of 5,818 vehicles per day at the signalized intersection of Bailey Avenue with 9,093 VPD. Positioned 1-mile west of I-55 (±111K VPD), the site offers excellent accessibility to major transportation corridors, downtown Jackson, and Jackson State University. The Property is located just ±1-mile from downtown Jackson and just 1-mile east of Jackson State University. The Property is positioned in a dense and established trade area, with ±47,436 residents within a 3-mile radius and ±110,396 residents within a 5-mile radius, boasting an average household income of $48,963.
Property Facts
| Price | $50,000 | Rentable Building Area | 32,000 SF |
| Price Per SF | $1.56 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 9.70 AC | ||
| Zoning | I-2 - Heavy Industrial | ||
| Price | $50,000 |
| Price Per SF | $1.56 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 9.70 AC |
| Rentable Building Area | 32,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-2 - Heavy Industrial |
Amenities
- Fenced Lot
- Yard
Property Taxes
| Parcel Number | 0092-0001-000 | Improvements Assessment | $70,574 |
| Land Assessment | $9,375 | Total Assessment | $79,949 |
Property Taxes
Parcel Number
0092-0001-000
Land Assessment
$9,375
Improvements Assessment
$70,574
Total Assessment
$79,949
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$1 Auction - 9.7 AC Parcel | 32K SF Building | 300 W Monument St
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