REIT Sale | Former Animal Hospital | 1.83 Acres

$1 Starting Bid

Auctioneer: Jeff Martin

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: MSAL 1255 

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 5208 N. State Street in Jackson, Mississippi 39206 is a vacant, ±7,381 SF freestanding retail/office property offered via a $1 absolute auction, first bid meets reserve. Built in 1958 and 1997, the property comprises three buildings — 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 — on two parcels totaling ±1.83 acres. The site offers 9 striped parking spaces and ±282 feet of frontage along N. State Street/Old U.S. Highway 51, with two points of access at the signalized corner of Woodway Drive and N. State Street. Formerly leased NNN to North State Animal and Bird Hospital, a full-service veterinary clinic, hospital, boarding, grooming, and training facility that closed operations December 31, 2025, the property is offered significantly below replacement cost. Zoned C3, General Commercial, and C2, Limited Commercial, it allows a broad range of commercial uses, supporting lease-up at market rents, repositioning, or adaptive reuse for owner-users and investors alike. CoStar estimates area retail rents near $14/SF NNN and office rents of $13 to $16/SF full service. The site benefits from ±14,185 VPD along Old Highway 51, roughly 2 miles from Interstate 55 (±89,064 VPD) and 15 minutes from downtown Jackson.