185.15

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185.15

Jackson, MS 39209
Asking Price
$1.60M
Asset Type
Land
Class
Class B

What's Special

Situated at 185.15 on North President Street in the historic core of Jackson, Mississippi, this parcel is positioned within a high-density administrative and commercial district. The location is characterized by its proximity to the Mississippi State Capitol, various government office buildings, and legal firms. Nearby amenities include established casual dining, banking services, and local retail centers. The property offers direct access to High Street and Pearl Street, providing efficient connectivity to Interstate 55 and the regional highway network. This land asset is suited for urban infill development or transit-oriented commercial projects. Ideal use cases include the construction of professional office suites, medical clinics, or multi-level parking structures to support neighboring government facilities. Potential tenants or owners typically include developers focusing on hospitality, boutique legal practices, or institutional entities seeking a central footprint within the state capital's central business district.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

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