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Description for 505 N State Street MLS# 4017060

These extremely well positioned historic central business district Jackson landmarks are located in the 500 block of North State Street in the shadow of the Mississippi State Capitol. The portfolio contains two of the only remaining distinguished residential buildings from the late 19th and early 20th century in downtown Jackson along with two additional lots. The central business district zoning allows all four of the properties to be made available for a wide variety of uses including professional office space, boutique retail, multi-family redevelopment, mixed use, and more.505 and 513 North state street are recognized by the National Register of Historic Places. 505, The Joseph Henry Morris House, is considered to be one of the state's most outstanding examples of the Neoclassical Revival style. 513, the Sims House, is one of the last Queen Anne residences on Jackson's State Street. Both architecturally significant properties feature huge rooms with high ceilings, rare and ornate construction, and impressive features. The portfolio also includes a parking lot which is leased to the state's legislature and their employees along with another lot between the two structures. The opportunity to acquire this portfolio represents a truly rare chance to own a significant piece of downtown Jackson's history.

General Features

  • Property For
    Sale
  • Listing Type
    Office
  • Number of Stories
    2
  • Year Built
    1893
  • County
    Hinds
  • Subdivision
    Metes And Bounds
  • Approx. Lot Size
    .91
  • Price
    $1,073,000

Additional Details

Community of
N/A
Current Use
Office
Possible Use
Commercial, Development, Investment, Multi-Family, Professional/Office, Residential, Restaurant, Retail
Total Square Footage
8157.00
Tax Annual Amount
$1,712
Tax Year
2021
New Construction
No

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Market Research


 

Jackson Commercial Values

Average List Price:
$491,125
Average Sold Price:
$233,825
Average Price per SQFT:
(N/A)
Average Days on Market:
208
Number of Properties for Sale:
3,020
Vs.

This Property

List Price:
$1,073,000
Approx. Price per SQFT:
N/A
Days on Website:
202 (May 09, 2022)

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