1525 University Ave - Retail FOR SALE


Oxford, MS 38655
$3,500,000 USD
601-942-0132
1525 University Ave, Oxford, MS for Sale
$3,500,000 USD
Retail - FOR SALE
1/19
null | 5.97% Cap Rate

1525 University Ave
Oxford, MS 38655


HIGHLIGHTS

  • Heavy Traffic
  • Renovated
  • Walking Distance to Campus

OVERVIEW

-Premier Hard Corner Location – Positioned at the signalized intersection of University Ave & South 16th St, one of Oxford’s most trafficked corridors, just 0.5 miles from the Square and ~1 mile to Ole Miss -100% Occupied Retail Strip – Fully leased asset with a diverse mix of service-oriented tenants providing stable, in-place cash flow -Strong In-Place Income – Current annual rental income of approximately $209,719 with additional upside through rent growth and lease restructuring -Built-In Rental Upside – Existing rent escalations, below-market leases, and ability to convert select tenants to true NNN structure -Value-Add Opportunity – Near-term lease rollover and month-to-month tenant create opportunity to increase rents and improve overall tenancy -Recently Renovated Asset – Property has undergone exterior modernization and tenant mix upgrades, reducing near-term capital needs -High-Growth Market Fundamentals – Oxford continues to experience strong population growth and university-driven demand, supporting long-term retail performance -Proximity to Major Demand Drivers – Located near the University of Mississippi, downtown Oxford Square, and Highway 7, capturing student, local, and visitor traffic -Redevelopment Optionality – Zoned for flexible uses with potential for future mixed-use or higher-density redevelopment on a ±0.53-acre site -Attractive Small-Shop Format – Highly leasable suite sizes (±625–2,500 SF) appeal to local and regional tenants, supporting long-term occupancy

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$432 USD /SF

CAP RATE

5.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

TNB

APN/PARCEL ID

138C-28-009.00

ASK ABOUT THIS PROPERTY

Joel ReevesCannon Cleary McGrawMore Info
601-942-0132

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Joel ReevesCannon Cleary McGrawMore Info
601-942-0132

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