1413 Ellis Avenue, Jackson, MS 39041
$425,000
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$539,000
List Date:
1/24/2017
Last Modified:
11/19/2024
Description
Tremendous up-side potential in this big box retail center in South Jackson. Approximately 50,000 SF building, with Family Dollar occupying 10,400 SF. Family Dollar has been a tenant for over 10 years, and have multiple renewal options in place for the future. Save-a-Lot grocery immediately adjoins the property, and coupled with Family Dollar, provides Ellis Plaza with unrivaled customer traffic. Offering immediate cashflow from a national tenant, and overall pricing just above $10 per SF, this property can yield excellent leasing opportunities for a new investor. Located in the South Jackson sub-market, the property lies on the northwest corner of Highway 80 and Ellis Avenue. Situated less than .5 miles from Interstate 20, Ellis Plaza provides superb convenience.
More Information MLS# 1282248
Address and Location Information
Parcel Number: 220-8-11
Street Number: 1413
Street Name: Ellis
Street Suffix: Avenue
County: Hinds
State: MS
Zip Code: 39041
Location
City Street: 1
In Shopping Center: 1
Strip Mall: 1
Urban: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2016-01-20
List Price: $539,000
Current Price: $425,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
Year Built: 1964
Tax and Financial Information
Leasehold Y/N: No
Remarks & Miscellaneous
Public Remarks: Tremendous up-side potential in this big box retail center in South Jackson. Approximately 50,000 SF building, with Family Dollar occupying 10,400 SF. Family Dollar has been a tenant for over 10 years, and have multiple renewal options in place for the future. Save-a-Lot grocery immediately adjoins the property, and coupled with Family Dollar, provides Ellis Plaza with unrivaled customer traffic. Offering immediate cashflow from a national tenant, and overall pricing just above $10 per SF, this property can yield excellent leasing opportunities for a new investor. Located in the South Jackson sub-market, the property lies on the northwest corner of Highway 80 and Ellis Avenue. Situated less than .5 miles from Interstate 20, Ellis Plaza provides superb convenience.
Current Use
Retail: 1
Business Type
Retail: 1
Sewer
Public Sewer: 1
Commercial Features
Delivery Door: 1
Doors 10-15 Feet: 1
Grade Loading: 1
Load Dock Grade: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Showing Requirements
Showing: Appointment Required
Electricity Features
Three Phase: 1
Flooring
Other: 1
Cooling
Other: 1
Heating
Other: 1
Exterior Construction/Siding
Brick: 1
Metal Siding: 1
Roof
Other: 1
Lighting
Other: 1
Flood Insurance
Unknown: 1
Available Documents
Leases: 1
Plot Plan/Survey: 1
Lot Size Range
1 to 5 Acres: 1
Uncovered Parking?
51-100 Spaces: 1
Status Change Info
Contract Date/Pending Date: 2017-08-01
Closing Date: 2017-10-13
Property Features
Business Type: Retail
Current Use: Retail
Commercial Features: Delivery Door; Doors 10-15 Feet; Grade Loading; Load Dock Grade
Electricity Features: Three Phase
Location: City Street; In Shopping Center; Strip Mall; Urban
Lighting: Other
Flooring: Other
Cooling: Other
Heating: Other
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash
Roof: Other
Flood Insurance: Unknown
Available Documents: Leases; Plot Plan/Survey
Lot Size Range: 1 to 5 Acres
Listing Office:
Overby, Inc.
Listing Agent:
Allen Carr
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.