$1 Auction - REIT Sale | Fmr Animal Hospital 5208 N State St 7 381 pi² Bureau Immeuble Jackson, MS 39206 104 228 $ CAD (14,12 $ CAD/pi²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail property located at 5208 N. State Street in Jackson, Mississippi 39206 (the “Property”). Formerly occupied by North State Animal and Bird Hospital, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for both owner-users and investors to acquire a high-visibility asset situated within a well-trafficked commercial corridor. FIRST BID MEETS RESERVE!
Originally constructed in 1958 and 1997, the Property consists of three buildings totaling approximately ±7,381 square feet situated on two parcels totaling ±1.83 acres (±79,695 SF). The improvements include a two-story ±4,383 SF brick building, a one-story ±2,199 SF metal-frame building, and a one-story ±344 SF wood-frame building. The site provides 9 striped parking spaces across a combination concrete and gravel parking area, along with a large fenced area surrounding the Property. Positioned at the corner of Woodway Drive and North State Street, the site benefits from approximately ±282 feet of frontage along N. State Street / Old U.S. Highway 51, one of Jackson’s primary commercial corridors. The Property offers excellent accessibility with two points of ingress and egress, providing convenient access for customers and service vehicles. The Property was previously leased on a triple net (NNN) basis to North State Animal and Bird Hospital, which operated a full-service veterinary clinic, hospital, boarding and grooming facility, and canine obedience training center until closing operations on December 31, 2025. With its prominent corner location, expansive site, and flexible building configuration, the Property presents a compelling value-add opportunity for investors or owner-users to reposition the asset through lease-up or adaptive reuse at market rents (CoStar estimated retail rents of approximately $14/SF NNN and office rents of $13-$16/SF full service). Zoned General Commercial (C3) and Limited Commercial (C2), the Property can accommodate a wide variety of retail, office, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.
The Property is located in Jackson, Mississippi, the state’s capital and largest city, within Hinds County and the North Jackson submarket. Jackson supports a diverse regional economy anchored by government, healthcare, education, and professional services. The surrounding corridor along North State Street functions as a key commercial thoroughfare connecting northern Jackson to Interstate 55 (±2-mi from the Property with over 89k VPD) and downtown Jackson (±15-min), supporting a strong mix of retail, restaurant, and service-oriented businesses that cater to nearby residential neighborhoods and daily commuter traffic. The area benefits from proximity to several major institutional demand drivers, including Jackson State University, one of the largest historically Black colleges and universities (HBCUs) in the United States with nearly 9,000 students enrolled, as well as major healthcare providers including Merit Health Central, a 319-bed acute care hospital, and the University of Mississippi Medical Center, the state’s only academic medical center and largest healthcare employer with 864 beds. Additional nearby attractions such as the Mississippi State Fairgrounds, Mississippi Civil Rights Museum, and Mississippi Museum of Art contribute to consistent regional visitation and economic activity. The surrounding trade area is supported by ±49,539 residents within a 3-Mi radius and ±98,923 residents within a 5-Mi radius, with average household incomes of approximately $80,802 and $77,526, respectively, providing a stable consumer base for retail and service-oriented businesses.