Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2341/ Marcus & Millichap and RI Marketplace are pleased to present two vacant, free-standing, retail buildings located at 3111 W Capitol Street in Jackson, MS (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. 3111 W Capitol is improved with two buildings totaling ±23,471 square feet building and is strategically positioned on ±2.0 acres with ample, dedicated parking and multiple points of ingress/egress. This multi-tenant Property was formerly occupied by Metro PCS, Regions Bank, and Family Dollar offers potential owner users/investors the ability to acquire two free-standing buildings with significant value add through lease up at long term market rates. Zoned “C-2” Limited Commercial District, this zoning offers favorable flexible zoning allowing for a variety of retail uses via adaptive reuse or repositioning. The Property is located in Jackson, MS, the most populous city of the U.S. state of Mississippi, within a federal opportunity zone in Hind County. Jackson is the educational, cultural, medical, and governmental center of the state. The Property is located across from the Jackson Zoo on W Capitol Street (±11,738 VPD) and a mile from the Interstate 220 (63K VPD) interchange which provides direct routes to other major cities and regions. The Property is located 10 minutes from downtown Jackson and the state capitol. The two largest industries in the city are Health Care with two major medical centers, including the only medical school in the state; and higher education with 7 institutions, enrolling more than 40,000 students within the metropolitan area. This Property is positioned ±7-min from Jackson State University and ±12-min from University of Mississippi Medical Center. The Property is positioned in a dense area with ±52,794 people within a 3-mile radius and ±107,978 people with an AHHI of $45,932 within an expanded 5-mile area.