If you are a commercial investor looking to expand your portfolio, check out this 15,093 Square Foot commercial building in downtown Cleveland, MS. The building is located at 504 North Chrisman Avenue and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed August 1, 2024 and expires July 31, 2029. In 2012, 8,000 Sq Ft of the building underwent a renovation to meet the needs of the current tenant. The remaining 7,093 Sq Ft is being used as storage by the owner but could be renovated and leased to a second tenant. The parking lot is paved and consists of 18,000 Sq Ft and has recently been re-striped. This offering is ideal for an investor who is seeking low risk, low management, and a capitalization rate of approximately 9.2%. If you are interested in investing in an income producing commercial real estate property, give Billy Carpenter a call today. Directions from the intersection of Hwy 8 & 61: Head west on Hwy 8 for .2 miles and turn left onto North Chrisman Avenue. The building will be on the right behind Renasant Bank.