216 W Capitol Street, Jackson, MS 39201 (MLS# 1258423)
216 W Capitol Street, Jackson, MS 39201
$767,000
Property Type:
Commercial Sale
Square Footage:
21,000
Lot Size (sq. ft.):
30,492
Status:
Closed
Current Price:
$900,000
List Date:
11/04/2013
Last Modified:
11/19/2024
Overview
Description
Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.
Listing Details MLS# 1258423
General Property Information
- Approx Lot Size Acres
- 0.7
- Lot Size Dimensions
- SURVEY
- Approx H/C SqFt
- 21000
- SqFt Source
- Owner
- List Price/SqFt
- 42.86
- Divisible
- No
- Year Built
- 1935
- Total Floors
- 2
- Property Sub Type
- Retail
Property Features
Business Type:
General Business
Current Use:
Retail
Commercial Features:
Delivery Door; Display Window(s); Dock Height Loading; Doors 10-15 Feet; Dumpster; Fire Stairs; Living Space Available; Load Dock Grade; Partial Fencing; Public Restroom(s); Rest Rooms; Security System
Electricity Features:
100 Amp Service; 200+ Amps; 110 Volt; 220 Volts
Location:
City Street; Downtown; Historic Area; Public Transport
Flooring:
Carpet; Ceramic Tile; Wood
Cooling:
Central Air
Heating:
Central; Natural Gas; Other
Utilities:
Electricity Available; Natural Gas Available; Water Available
Sewer:
Public Sewer
Water Source:
Public
Foundation Details:
Block; Concrete Perimeter; Slab
Listing Terms:
Cash
Available Documents:
Drawings; Environmental Impact Study; Land Survey; Legal Description
Lot Size Range:
.5 to 1 Acres
Address and Location Information
- Street Number
- 216
- Street Direction
- W
- Street Name
- Capitol
- Street Suffix
- Street
- County
- Hinds
- State
- MS
- Zip Code
- 39201
- Parcel Number
- 86-73
- Subdivision
- Derks Addition
- Directions to Property
- West Capitol St. in Downtown Jackson located across the street from the King Edward Hotel Project
Listing Information
- Property Sub Type
- Retail
- Listing Service
- Full Service
Tax and Financial Information
- Tax Annual Amount
- 18875
- Tax Year
- 2012
- Flood Insurance Required?
- Yes
- Leasehold Y/N
- No
- Leasehold Fee Increase
- No
- Legal Description
- Survey available
- Complex Name
- LOTT FURNITURE
Status Change Info
- Contract Date/Pending Date
- 2016-07-29
- Closing Date
- 2016-09-13
- Sold Price/SqFt
- 36.52
More Information
Commercial Features
- Business Included
- No
- Divisible
- No
- Expandable
- No
- Frontage Feet
- 125
- Number of Docks
- Yes
- Number of Restrooms
- 6
- Number of Rooms
- 20
- Delivery Door
- Yes
- Display Window(s)
- Yes
- Dock Height Loading
- Yes
- Doors 10-15 Feet
- Yes
- Dumpster
- Yes
- Fire Stairs
- Yes
- Living Space Available
- Yes
- Load Dock Grade
- Yes
- Partial Fencing
- Yes
- Public Restroom(s)
- Yes
- Rest Rooms
- Yes
- Security System
- Yes
- % Leased
- 0
- Assessment
- No
Auction
- Auction
- No
Location
- City Street
- Yes
- Downtown
- Yes
- Historic Area
- Yes
- Public Transport
- Yes
Remarks & Miscellaneous
- Public Remarks
- Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.
Current Use
- Retail
- Yes
Income & Expenses
- Annual Electric Expense
- 150
- Annual Insurance Expense
- 12000
- Annual Water/Sewer Expense
- 50
Business Type
- General Business
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Listing Terms
- Cash
- Yes
Utilities
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Water Available
- Yes
Electricity Features
- 100 Amp Service
- Yes
- 200+ Amps
- Yes
- 110 Volt
- Yes
- 220 Volts
- Yes
Flooring
- Carpet
- Yes
- Ceramic Tile
- Yes
- Wood
- Yes
Cooling
- Central Air
- Yes
Heating
- Central
- Yes
- Natural Gas
- Yes
- Other
- Yes
Foundation Details
- Block
- Yes
- Concrete Perimeter
- Yes
- Slab
- Yes
Exterior Construction/Siding
- Block
- Yes
- Brick
- Yes
- Wood Siding
- Yes
Parking Features
- Parking Total
- 0
Available Documents
- Drawings
- Yes
- Environmental Impact Study
- Yes
- Land Survey
- Yes
- Legal Description
- Yes
Lot Size Range
- .5 to 1 Acres
- Yes
Uncovered Parking?
- 26-50 Spaces
- Yes
Listing Office:
Guckert Realty Group, LLC
Listing Agent:
Robert Lacoste
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.