16 Northtown Drive, Jackson, MS 39211
$455,000
Property Type:
Commercial Sale
Square Footage:
10,386
Lot Size (sq. ft.):
22,216
Status:
Closed
Current Price:
$460,000
List Date:
8/26/2021
Last Modified:
11/19/2024
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 upstairs. 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 or all of the building.
More Information MLS# 1336487
Address and Location Information
Parcel Number: 753-166
Directions to Property: From Old Canton Rd, turn east onto Northtown Dr at light. Building is down on the right.
Street Number: 16
Street Name: Northtown
Street Suffix: Drive
County: Hinds
State: MS
Zip Code: 39211
Location
City Street: 1
Office Park: 1
Paved: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2020-12-04
List Price: $460,000
Current Price: $455,000
Property Sub Type: Office
General Property Information
Property Sub Type: Office
Approx Lot Size Acres: 0.51
SqFt Source: Appraiser
List Price/SqFt: 44.29
Total Floors: 2
Approx H/C SqFt: 10386
Year Built: 1986
Tax and Financial Information
Tax Annual Amount: 9635
Tax Year: 2020
Zoning: Intensive Commercial Use
Leasehold Y/N: No
Legal Description: LOT 16 NORTHTOWN VILLAGE
Remarks & Miscellaneous
Public Remarks: 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 upstairs. 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 or all of the building.
Status Change Info
Sold Price/SqFt: 43.81
Contract Date/Pending Date: 2021-08-26
Closing Date: 2021-09-17
Current Use
Office: 1
Retail: 1
Income & Expenses
Annual Electric Expense: 10260
Annual Insurance Expense: 4450
Annual Maintenance Expense: 5636
Annual Management Expense: 11271
Annual Net Income: 66163
Annual Operating Expenses: 59082
Annual Water/Sewer Expense: 1728
Gross Operating Income: 125245
Lot Features
Level: 1
Sewer
Public Sewer: 1
Commercial Features
Door Sign: 1
Dumpster: 1
Security System: 1
Smoke Detector(s): 1
% Leased: 41
Business Included: No
Frontage Feet: 135
Number of Restrooms: 2
Number of Tenants: 9
Water Source
Public: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Available: 1
Water Available: 1
Electricity Features
200+ Amps: 1
Circuit Breakers: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Vinyl: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Zoned: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Zoned: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick: 1
Frame: 1
Roof
Architectural Shingles: 1
Exterior Features
Rain Gutters: 1
Parking Features
Parking Lot: 1
Lighting
Security: 1
Flood Insurance
No Previous Flood Inside: 1
Available Documents
Floor Plan(s): 1
Lot Size Range
.5 to 1 Acres: 1
Parking Spaces
# Parking Spaces Uncovered: 32
Uncovered Parking?
26-50 Spaces: 1
Property Features
Current Use: Office; Retail
Commercial Features: Door Sign; Dumpster; Security System; Smoke Detector(s)
Electricity Features: 200+ Amps; Circuit Breakers
Lot Features: Level
Location: City Street; Office Park; Paved
Lighting: Security
Flooring: Carpet; Ceramic Tile; Vinyl
Cooling: Ceiling Fan(s); Central Air; Zoned
Heating: Central; Electric; Heat Pump; Zoned
Utilities: Electricity Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: Cash; Conventional; Other
Roof: Architectural Shingles
Exterior Features: Rain Gutters
Parking Features: Parking Lot
Flood Insurance: No Previous Flood Inside
Available Documents: Floor Plan(s)
Lot Size Range: .5 to 1 Acres
Listing Office:
Realty ONE Group Prime
Listing Agent:
Trey Guerieri
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.