214 S State St Local commercial 1 313 m² À vendre Jackson, MS 39201 1 485 905 € (1 131,29 €/m²) Taux de capitalisation 8,25 %

***This is for the sale of Real Estate only. The restaurant is NOT for sale***
Located in the heart of Mississippi’s capital city, Martin’s Downtown is a rare opportunity to acquire a fully operational, legacy restaurant and entertainment venue with deep community roots and strong financial performance. Situated at 214 State Street in Jackson’s Historic Downtown, this 14,138-square-foot property spans two two-story buildings and includes a restaurant, bar, stage, and upper-level office and storage space. The property has undergone significant capital improvements, including a full kitchen remodel in 2020 and HVAC replacements between 2013 and 2022. A new parking lot, added in 2021 and included in the sale, provides additional capacity for events such as BBQ contests and Jackson’s nationally recognized St. Patrick’s Day Parade, which centers around Martin’s. Martin’s Downtown is a cultural staple and one of the city’s most beloved live music venues. It is also a favorite among Mississippi legislators, with the State Capitol just blocks away. The location benefits from proximity to the Mississippi Coliseum, five major hospitals, and two colleges, ensuring a steady stream of patrons year-round. This offering presents a stable investment with a 10-year lease in place and a strong 8.25% cap rate. With a rich history dating back to 1954 and a loyal customer base, Martin’s Downtown is more than a property—it’s a cornerstone of Jackson’s entertainment and dining scene.