The subject property is an existing good quality, Class B, masonry urban building. According to Hinds County tax records, the building was built in 1965and was used as a government office building for most of its life.
The building measures 22,906± square feet of net rentable area (NRA). Floor 1 is 4,396± square feet, while Floors 2, 3 and 4 are each 6,170± square feet. The building is a masonry concrete structure with a masonry brick veneer exterior and built up roof. Windows are commercial aluminum frame.
Parking is asphalt and there are approximately 50± parking spaces. At this time, landscaping is minimal. The interior of the building is relatively uniform throughout the four floors and is serviced by one elevator. The interior walls are either painted concrete block, painted sheetrock or stained wood paneling. The ceilings are all acoustical tile with fluorescent lights. The floors are a combination of vinyl composition tile, possible asbestos tile and commercial carpet.
This building is within blocks of the medical complex which serves the State of Mississippi. The medical complex continues to grow at an exponential rate. Plans have been developed to convert this building to a efficiency apartment complex. Demand is high, making this an excellent opportunity for an investor to convert this building to efficiency apartments per the floorplan below.
22% price reduction, owner ready to make a change! Priced at $325,000
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