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277 E Pearl Street, Jackson, MS 39201

$1,799,000
Property Type: Commercial Sale Square Footage: 25,551 Lot Size (sq. ft.): 15,246 Status: Active
Current Price: $1,799,000 List Date: 5/09/2024 Last Modified: 5/10/2024

Description

Looking for a spacious office building in the heart of downtown with gated parking? Come check out this property! The reception area in front is welcoming to visitors. The large, expandable breakroom in the back can accommodate any company luncheon or party. Multiple large open call center spaces, several offices and a separate executive suite. With ample space, this is the perfect location for almost any business venture. This building was completely renovated a few years back. Currently leased through February 2026 but tenant in flexible owner/user needs the space immediately. If looking for an investment the cap rate is 14.6% through the end of the lease term.

More Information MLS# 4079249

Address and Location Information

Street Number: 277 Street Direction: E Street Name: Pearl Street Suffix: Street County: Hinds State: MS Zip Code: 39201 Nearest Cross Street: West Parcel Number: 0191-0035-000 Community Of: N/A

Listing Information

Status: Active List Date: 2024-05-09 List Price: $1,799,000 Current Price: $1,799,000 Property Sub Type: Office Listing Service: Full Service

Co-Op and Commission Information

Buyer Agency Compensation: 3 Buyer Agency Comp Type: %

General Property Information

Approx Lot Size Acres: 0.35 Approx H/C SqFt: 25551 SqFt Source: Appraiser List Price/SqFt: 70.41 Year Built: 1960 Year Built Source: Public Records Total Floors: 2 Accessibility Features: Yes

Tax and Financial Information

Tax Annual Amount: 25379 Tax Year: 2021 Flood Insurance Required?: No Leasehold Y/N: No Association: No Legal Description: 100 FT S/S PEARL ST X 150 FT N & S E OF HINES W OF GULF REF CO & 9 FT W/S S WEST ST X 49.8 FT E & W BEG 141 FT S OF PEARL ST IN 10 A LOT 2 S J

Remarks & Miscellaneous

Public Remarks: Looking for a spacious office building in the heart of downtown with gated parking? Come check out this property! The reception area in front is welcoming to visitors. The large, expandable breakroom in the back can accommodate any company luncheon or party. Multiple large open call center spaces, several offices and a separate executive suite. With ample space, this is the perfect location for almost any business venture. This building was completely renovated a few years back. Currently leased through February 2026 but tenant in flexible owner/user needs the space immediately. If looking for an investment the cap rate is 14.6% through the end of the lease term.

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Property Features

Lot Features: Fenced Levels: Two Square Footage Description: Ofc. Bldg 10000-50000 SF Flooring: Carpet; Marble; Tile
Listing Office: Select Edge Realty LLC
Listing Agent: Brad Williams
Last Updated: May - 10 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.