505 N State Street, Jackson, MS 39201

$350,000
Property Type: Commercial Sale Square Footage: 8,157 Lot Size (sq. ft.): 39,640 Status: Closed
Current Price: $533,000 List Date: 1/10/2024 Last Modified: 11/20/2024

Description

505 North state street is recognized by the National Register of Historic Places. 505, The Joseph Henry Morris House, is considered to be one of the state's most outstanding examples of the Neoclassical Revival style. This architecturally significant property features huge rooms with high ceilings, rare and ornate construction, and impressive features. This portion of the portfolio contains the 505 building and the neighboring parking lot which is leased to state legislative's lobbyists. The opportunity to acquire this property represents a truly rare chance to own a significant piece of downtown Jackson's history. These extremely well positioned historic central business district Jackson landmarks are located in the 500 block of North State Street in the shadow of the Mississippi State Capitol. This portfolio contains two of the only remaining distinguished residential buildings from the late 19th and early 20th century in downtown Jackson along with two additional lots. The central business district zoning allows all four of the properties to be made available for a wide variety of uses including professional office space, boutique retail, multi-family redevelopment, mixed use, and more.

More Information MLS# 4036005

Address and Location Information

Parcel Number: 35-10 Community Of: N/A Street Number: 505 Street Direction: N Street Name: State Street Suffix: Street County: Hinds State: MS Zip Code: 39201 Subdivision: Metes And Bounds

Listing Information

Listing Service: Full Service Status: Closed List Date: 2022-12-27 List Price: $533,000 Current Price: $350,000 Property Sub Type: Office

General Property Information

Property Sub Type: Office New Construction: No Approx Lot Size Acres: 0.91 Lot Size Dimensions: .91 SqFt Source: Assessor List Price/SqFt: 65.34 Year Built Source: Public Records Total Floors: 2 Bathrooms Half: 0 Bathrooms Three Quarter: 0 Fireplace: Yes Accessibility Features: No Approx H/C SqFt: 8157 Year Built: 1893

Tax and Financial Information

Tax Annual Amount: 1169.05 Tax Year: 2022 Flood Insurance Required?: No Leasehold Y/N: No Association: No Legal Description: LOT 1 SQ 5 N J

Remarks & Miscellaneous

Public Remarks: 505 North state street is recognized by the National Register of Historic Places. 505, The Joseph Henry Morris House, is considered to be one of the state's most outstanding examples of the Neoclassical Revival style. This architecturally significant property features huge rooms with high ceilings, rare and ornate construction, and impressive features. This portion of the portfolio contains the 505 building and the neighboring parking lot which is leased to state legislative's lobbyists. The opportunity to acquire this property represents a truly rare chance to own a significant piece of downtown Jackson's history. These extremely well positioned historic central business district Jackson landmarks are located in the 500 block of North State Street in the shadow of the Mississippi State Capitol. This portfolio contains two of the only remaining distinguished residential buildings from the late 19th and early 20th century in downtown Jackson along with two additional lots. The central business district zoning allows all four of the properties to be made available for a wide variety of uses including professional office space, boutique retail, multi-family redevelopment, mixed use, and more.

Status Change Info

Sold Price/SqFt: 42.91 Contract Date/Pending Date: 2024-02-27 Closing Date: 2024-07-24

Current Use

Office: 1

Possible Use

Commercial: 1 Development: 1 Investment: 1 Multi-Family: 1 Office: 1 Residential: 1 Restaurant: 1 Retail: 1

Showing Requirements

Showing: Appointment Required

Auction

Auction: No

Basement Features

Basement: No

Property Features

Current Use: Office Possible Use: Commercial; Development; Investment; Multi-Family; Office; Residential; Restaurant; Retail
Listing Office: Overby, Inc.
Listing Agent: Sterling McCool
Last Updated: November - 20 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.