Business HoursMon-Fri: 9PM-5PM | Sat: 9AM-1PM
Offices418 HWY 90 Waveland, MS 39576
$767,000
Jackson, MS 39201
MLS# 1258423
Status: Closed
21000 sqft
1 / 3
Property Description
Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.
Details
Address and Location Information
Parcel Number: 86-73
Directions to Property: West Capitol St. in Downtown Jackson located across the street from the King Edward Hotel Project
Street Number: 216
Street Direction: W
Street Name: Capitol
Street Suffix: Street
County: Hinds
State: MS
Zip Code: 39201
Subdivision: Derks Addition
Location
City Street: 1
Downtown: 1
Historic Area: 1
Public Transport: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2013-11-04
List Price: $900,000
Current Price: $767,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
Approx Lot Size Acres: 0.7
Lot Size Dimensions: SURVEY
SqFt Source: Owner
List Price/SqFt: 42.86
Divisible: No
Total Floors: 2
Approx H/C SqFt: 21000
Year Built: 1935
Tax and Financial Information
Tax Annual Amount: 18875
Tax Year: 2012
Flood Insurance Required?: Yes
Leasehold Y/N: No
Leasehold Fee Increase: No
Legal Description: Survey available
Complex Name: LOTT FURNITURE
Remarks & Miscellaneous
Public Remarks: Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.
Status Change Info
Sold Price/SqFt: 36.52
Contract Date/Pending Date: 2016-07-29
Closing Date: 2016-09-13
Current Use
Retail: 1
Income & Expenses
Annual Electric Expense: 150
Annual Insurance Expense: 12000
Annual Water/Sewer Expense: 50
Business Type
General Business: 1
Sewer
Public Sewer: 1
Commercial Features
Delivery Door: 1
Display Window(s): 1
Dock Height Loading: 1
Doors 10-15 Feet: 1
Dumpster: 1
Fire Stairs: 1
Living Space Available: 1
Load Dock Grade: 1
Partial Fencing: 1
Public Restroom(s): 1
Rest Rooms: 1
Security System: 1
% Leased: 0
Assessment: 0
Business Included: No
Divisible: No
Expandable: No
Frontage Feet: 125
Number of Docks: 1
Number of Restrooms: 6
Number of Rooms: 20
Water Source
Public: 1
Listing Terms
Cash: 1
Utilities
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Electricity Features
100 Amp Service: 1
200+ Amps: 1
110 Volt: 1
220 Volts: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Wood: 1
Cooling
Central Air: 1
Heating
Central: 1
Natural Gas: 1
Other: 1
Foundation Details
Block: 1
Concrete Perimeter: 1
Slab: 1
Auction
Auction: No
Exterior Construction/Siding
Block: 1
Brick: 1
Wood Siding: 1
Parking Features
Parking Total: 0
Available Documents
Drawings: 1
Environmental Impact Study: 1
Land Survey: 1
Legal Description: 1
Lot Size Range
.5 to 1 Acres: 1
Uncovered Parking?
26-50 Spaces: 1
Property Features
Business Type: General Business
Current Use: Retail
Commercial Features: Delivery Door; Display Window(s); Dock Height Loading; Doors 10-15 Feet; Dumpster; Fire Stairs; Living Space Available; Load Dock Grade; Partial Fencing; Public Restroom(s); Rest Rooms; Security System
Electricity Features: 100 Amp Service; 200+ Amps; 110 Volt; 220 Volts
Location: City Street; Downtown; Historic Area; Public Transport
Flooring: Carpet; Ceramic Tile; Wood
Cooling: Central Air
Heating: Central; Natural Gas; Other
Utilities: Electricity Available; Natural Gas Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Block; Concrete Perimeter; Slab
Listing Terms: Cash
Available Documents: Drawings; Environmental Impact Study; Land Survey; Legal Description
Lot Size Range: .5 to 1 Acres
Listing Office: Guckert Realty Group, LLC
Listing Agent: Robert Lacoste
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$767,000
Jackson, MS 39201
MLS# 1258423
Status: Closed
21000 sqft
1 / 3
Property Description
Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.
Details
Address and Location Information
Parcel Number: 86-73
Directions to Property: West Capitol St. in Downtown Jackson located across the street from the King Edward Hotel Project
Street Number: 216
Street Direction: W
Street Name: Capitol
Street Suffix: Street
County: Hinds
State: MS
Zip Code: 39201
Subdivision: Derks Addition
Location
City Street: 1
Downtown: 1
Historic Area: 1
Public Transport: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2013-11-04
List Price: $900,000
Current Price: $767,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
Approx Lot Size Acres: 0.7
Lot Size Dimensions: SURVEY
SqFt Source: Owner
List Price/SqFt: 42.86
Divisible: No
Total Floors: 2
Approx H/C SqFt: 21000
Year Built: 1935
Tax and Financial Information
Tax Annual Amount: 18875
Tax Year: 2012
Flood Insurance Required?: Yes
Leasehold Y/N: No
Leasehold Fee Increase: No
Legal Description: Survey available
Complex Name: LOTT FURNITURE
Remarks & Miscellaneous
Public Remarks: Lott Furniture is comprised of five buildings in the same block as the King Edward Hotel. Four of the buildings are two stories. This is the only property on Capitol St. where a developer can house a diversified retail strip center in five consecutive buildings. The need exists in Downtown for a deli type grocery, upscale liquor store, additional restaurants, art galeries, etc. The upstairs of Lott Furniture is ideally suited for approximately eight apartments which will lease immediately. The owner has Phase 1 Historic Tax Credits in place and a large parking area in the rear to make this real estate investment the perfect location for a retail/residential development in Downtown Jackson.
Status Change Info
Sold Price/SqFt: 36.52
Contract Date/Pending Date: 2016-07-29
Closing Date: 2016-09-13
Current Use
Retail: 1
Income & Expenses
Annual Electric Expense: 150
Annual Insurance Expense: 12000
Annual Water/Sewer Expense: 50
Business Type
General Business: 1
Sewer
Public Sewer: 1
Commercial Features
Delivery Door: 1
Display Window(s): 1
Dock Height Loading: 1
Doors 10-15 Feet: 1
Dumpster: 1
Fire Stairs: 1
Living Space Available: 1
Load Dock Grade: 1
Partial Fencing: 1
Public Restroom(s): 1
Rest Rooms: 1
Security System: 1
% Leased: 0
Assessment: 0
Business Included: No
Divisible: No
Expandable: No
Frontage Feet: 125
Number of Docks: 1
Number of Restrooms: 6
Number of Rooms: 20
Water Source
Public: 1
Listing Terms
Cash: 1
Utilities
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Electricity Features
100 Amp Service: 1
200+ Amps: 1
110 Volt: 1
220 Volts: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Wood: 1
Cooling
Central Air: 1
Heating
Central: 1
Natural Gas: 1
Other: 1
Foundation Details
Block: 1
Concrete Perimeter: 1
Slab: 1
Auction
Auction: No
Exterior Construction/Siding
Block: 1
Brick: 1
Wood Siding: 1
Parking Features
Parking Total: 0
Available Documents
Drawings: 1
Environmental Impact Study: 1
Land Survey: 1
Legal Description: 1
Lot Size Range
.5 to 1 Acres: 1
Uncovered Parking?
26-50 Spaces: 1
Property Features
Business Type: General Business
Current Use: Retail
Commercial Features: Delivery Door; Display Window(s); Dock Height Loading; Doors 10-15 Feet; Dumpster; Fire Stairs; Living Space Available; Load Dock Grade; Partial Fencing; Public Restroom(s); Rest Rooms; Security System
Electricity Features: 100 Amp Service; 200+ Amps; 110 Volt; 220 Volts
Location: City Street; Downtown; Historic Area; Public Transport
Flooring: Carpet; Ceramic Tile; Wood
Cooling: Central Air
Heating: Central; Natural Gas; Other
Utilities: Electricity Available; Natural Gas Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Block; Concrete Perimeter; Slab
Listing Terms: Cash
Available Documents: Drawings; Environmental Impact Study; Land Survey; Legal Description
Lot Size Range: .5 to 1 Acres
Listing Office: Guckert Realty Group, LLC
Listing Agent: Robert Lacoste
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.