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16 Northtown Drive

Jackson, MS 39211
  • $555,000
  • STATUS: Active
  • ON SITE: 329 Days
  • MLS #: 4015534
UPDATED: 49 min ago
$555,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 10,886
    SQFT
  • $51
    $/SQFT
Neighborhood:
Northtown
Type:
Commercial
Built:
1986
County:
Hinds
Area:
Jackson

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Description

This multi-tenant office building was recently renovated with new flooring, paint, lighting, gutters, and multiple HVAC systems. There are 4 suites on the first floor and 15 more smaller suites on the second floor. The property has great potential to add value by driving up the below market rents, and space is available if an owner/user would like to occupy part of the building.

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Information is deemed to be reliable but not guaranteed. Copyright 2023 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Magnolia Coast Realty. Data last updated: 2023-03-21T06:58:21.487.
www.exitmcr.com/homes/128022970
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16 Northtown Drive Jackson, MS 39211

  • Price: $555,000
  • Status: Active
  • On Site: 329 Days
  • Updated: 49 min ago
  • MLS #: 4015534
0
Beds
2
Baths
0
½ Baths
0.51
Acres
10,886
SQFT
$51
$/SQFT
1986
Built
Neighborhood:
Northtown
County:
Hinds
Area:
Jackson
Property Description
This multi-tenant office building was recently renovated with new flooring, paint, lighting, gutters, and multiple HVAC systems. There are 4 suites on the first floor and 15 more smaller suites on the second floor. The property has great potential to add value by driving up the below market rents, and space is available if an owner/user would like to occupy part of the building.
Exterior Features

Construction Siding BrickFrame Foundation Details Slab Frontage Feet 135 Lot Size Dimensions .5 To 1 Acre Number Parking Spaces Uncovered 32 Parking Features Parking LotPaved Parking Total 32.00 Roof Architectural Shingles Uncovered Parking 26-50 Spaces

Interior Features

10th Suite Size 120.00 1st Suite Size 1322.00 2nd Suite Size 1600.00 3rd Suite Size 1120.00 4th Suite Size 850.00 5th Suite Size 120.00 6th Suite Size 150.00 7th Suite Size 150.00 8th Suite Size 200.00 9th Suite Size 120.00 Cooling Central AirZoned Flooring CarpetCeramic TileVinyl Heating CentralElectricHeat PumpZoned Lighting Security Number Of Restrooms 2 Number Of Rooms 19 Office Square Footage 10886.00

Property Features

10th Suite Number 200F 1st Suite Number 100 2nd Suite Number 102 3rd Suite Number 104 4th Suite Number 106 5th Suite Number 200A 6th Suite Number 200B 7th Suite Number 200C 8th Suite Number 200D 9th Suite Number 200E Accessibility Features YN Yes Annual Electric Expense 9849 Annual Flood Insurance 1218.00 Annual Insurance Expense 3975.00 Annual Net Income 61632.80 Annual Operating Expenses 23584.00 Annual Water Sewer Expense 1728 Auction No Business Included No Business Type CommercialGeneral BusinessMixedOffice CondoOtherProfessional/OfficeReal EstateRentalStorageVariety Commercial Features Door SignDumpsterSecurity System Community Of N/A Current Use CommercialInvestmentMixed UseOfficeOtherPlace Of Worship Electricity Features 200+ Amps Expenses Include Common AreaInsuranceJanitorial ServiceLicensesMaintenanceOtherSecurityTaxesTrash RemovalWater/Sewer Flood Insurance Subject To Survey Flood Insurance Required Yes Gross Operating Income 146549.16 Leasehold YN No Listing Terms CashLease OptionLease PurchasePrivate Financing Available Location City StreetOffice BuildingOffice Park Lot Features LevelRectangular Lot New Construction No Number Of Tenants 15 Percent Leased 79.00 Possible Use CommercialInvestmentMini-StorageOtherPlace Of WorshipProfessional/OfficeRecreational Price Includes All AppliancesBuilding And LandLeasesOther Property Condition Updated/Remodeled Property Sub Type Office Sale Options Under LeaseWill Lease Sewer Public Sewer Square Footage Description Ofc. Bldg 10000-50000 Sf Tax Annual Amount 9847.29 Tax Year 2021 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Source Public Zoning C3

Listing information © 2023 MLS United.
Listing provided courtesy of Garon Weathers of Terramark Management Llc Dba: (601) 345-3335.



Information is deemed to be reliable but not guaranteed. Copyright 2023 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Magnolia Coast Realty. Data last updated: 2023-03-21T06:58:21.487.
 
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