2885-2889 South Lamar Blvd. - Health Care FOR SALE


Oxford, MS 38655
$4,100,000 USD
601-942-0132
2885-2889 South Lamar Blvd., Oxford, MS for Sale
$4,100,000 USD
Health Care - FOR SALE
1/34
null | 8.05% Cap Rate

2885-2889 South Lamar Blvd.
Oxford, MS 38655


HIGHLIGHTS

  • Medical District
  • 100% Occupied
  • Credit Tenants

OVERVIEW

?100% Occupied: The property is fully leased to a strong mix of tenants including Magnolia Veterinary Hospital, Casa of North Mississippi, Focus Health, Elizabeth Heiskel Catering, and Lafayette Pediatric Extended Care, LLC — providing a buyer with stable, diversified income from day one. ?Value-Add Upside: The 2.51-acre site offers meaningful excess land for future development, giving investors the opportunity to increase density or add complementary commercial, office, or multifamily uses — all permitted under the existing SCO zoning. ?Favorable Zoning: Zoned Suburban Corridor (SCO), the site permits a wide array of uses including commercial, office structures, and multifamily residential development — providing maximum flexibility for a future development phase. ?Turnkey Condition: The current buildings have been recently remodeled and the property features ample parking for tenants and clientele.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High-Yield Oxford Investment | $330K NOI | 8%

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Hospital

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

SCO

APN/PARCEL ID

182D-04-001.00

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.