1155 S Gloster St - Flex FOR SALE


Tupelo, MS 38801
$699,000 USD
662-231-4262
1155 S Gloster St, Tupelo, MS for Sale
$699,000 USD
Flex - FOR SALE
1/10
null | 7.15% Cap Rate

1155 S Gloster St
Tupelo, MS 38801


OVERVIEW

This property is occupied by a retail FedEx shipping center serving both local businesses and individual customers. In-store offerings include domestic and international shipping, professional packaging, returns processing, passport photo services, and secure document shredding. Building is a corrugated metal building with a gabled roof constructed on a concrete slab foundation. The retail/office space totals approximately 3,000 square feet on the first floor. The second floor is unfinished space consisting of 3,120 SF. The warehouse space is 7,000 SF (70' x 100') with 7 ground level drive in doors, 6 (12' x 12') doors with 3 located on each side and 1 (14' x 19') door located on the rear of the building. Longstanding lease since 1984. Current 5-year lease expires March 31, 2028, with two (2) five (5) year renewal options at 95% of fair market rent. Additional information available on request. Located on South Gloster a primary retail corridor in Tupelo MS. As a retail shipping center for FedEx this property provides convenient access to local businesses and residents in the Tupelo MS market with close proximity to State HWY 278 (1 mile), State HWY 45 (1.5 miles) providing convenient access to Interstate 22 (8 miles).

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

11 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.15

LAND SF

50,094

ZONING

MUCC

APN/PARCEL ID

101M-12-164-03

ASK ABOUT THIS PROPERTY

Clay ShortTRI Inc/RealtorsMore Info
662-231-4262

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Clay ShortTRI Inc/RealtorsMore Info
662-231-4262

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.