14 N Third St - Specialty FOR SALE


Bay Springs, MS 39422
$280,000 USD
601-297-4400
14 N Third St, Bay Springs, MS for Sale
$280,000 USD
Specialty - FOR SALE
1/7
null | 10% Cap Rate

14 N Third St
Bay Springs, MS 39422


OVERVIEW

Excellent Investment Opportunity - 10% CAP Rate with Significant Upside Potential! Outstanding opportunity to acquire an income-producing property currently operating as a United States Post Office. The U.S. Postal Service has approximately 10 years remaining on its current lease, with an option to renew, providing an established long-term tenant and attractive income stream. Even more compelling, the property is currently generating an approximately 10% CAP rate while only about 50% of the building is leased. The remaining space offers significant upside potential through additional leasing or could provide an excellent opportunity for an owner/user needing additional commercial space. With a long-term USPS lease already in place, a strong current return, and approximately half of the building still available to generate additional income, this property offers an attractive combination of current cash flow, long-term tenancy, and future growth potential.

FOR SALE DETAILS

PRICE

$280,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,895 SF

ZONING

C

APN/PARCEL ID

107E-28-B -029.00

ASK ABOUT THIS PROPERTY

Jeff PalmerCentury 21 AllianceMore Info
601-297-4400

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Jeff PalmerCentury 21 AllianceMore Info
601-297-4400

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