218 Main St - Office FOR SALE


Nettleton, MS 38858
$170,000 USD
662-321-9173
218 Main St, Nettleton, MS for Sale
$170,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

218 Main St
Nettleton, MS 38858


HIGHLIGHTS

  • Highly visible corner location
  • Lots of natural light from tall windows
  • Owner could use part and rent out part

OVERVIEW

Two story brick building in downtown Nettleton (Lee County, MS); Corner of busy Main Street (Hwy 6) and Young Avenue; constructed of 12" bricks in 1904 with the roof replaced in 2023 after a remodel done in 2022; originally, it was a bank, but it has been a public service commissioner's office, a tax office, and a real estate office in past years; it has 10' ceilings downstairs and upstairs; the downstairs contains 1187+/- square feet including the staircase to the second floor; it contains two offices plus a receptionist office and lobby with lots of tall windows and 4 ceiling fans, there is a large safe that serves as a storm room; it has an attractive wood front door with blue canvas awnings; the upstairs is a loft apartment with 1 bedroom, 1 bathroom, a kitchen, and a den with a ceiling fan; the flooring is hardwood and carpet with sheet rock on the walls; there is a 40 gallon 2021 model hot water heater, and there are two 2016 or earlier model air conditioner units serving the building; the downstairs office space previously rented for $900 per month and could rent for $1200 per month; the upstairs apartment recently rented for $800 per month and could rent for $1100 per month

FOR SALE DETAILS

PRICE

$170,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Nettleton Corner Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

Mixed Use

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Duke LodenColdwell Banker Southern Real EstateMore Info
662-321-9173

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Duke LodenColdwell Banker Southern Real EstateMore Info
662-321-9173

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