600 Quitman St - Commercial LAND FOR SALE


Sledge, MS 38670 283,140 SF
$1,330,000 USD
662-609-8455
600 Quitman St, Sledge, MS for Sale
$1,330,000 USD
Commercial LAND - FOR SALE
1/46
283,140 SF

600 Quitman St
Sledge, MS 38670


HIGHLIGHTS

  • 7.5% cap rate - 12 grain bins with room for expansion - 300,000 to 330,000 bushels at current maximum capacity

OVERVIEW

Located 25 miles east of the Mississippi River, this newly-updated facility is especially convenient for transport to the river on Highway 315. The facility has been extensively reworked with two drive-over systems with 10” grain pumps for a total of 5,600/bushels per hour. The prior inefficient spider-style system was removed, and the new system has over three times the unloading speed of the previous one. The entire property has been improved recently, and the only original parts remaining are the shells of the grain bins and the surrounding chain-link fence. All of the wiring and electric system has been overhauled with new panels, new breakers, and underground electricity. There are all new grain pumps, augers, floors, and stands --- 22 ½ degree pipe for unloading – multiple new doors – and almost all fans have been replaced or overhauled. The bins have 100% full for the current year and will hold 300,000 to 330,000 bushels at maximum capacity. All bins are rented for the next two years with space for additional bins and income. Annual Taxes - $3,502 NOTE: Per our understanding from legal and accounting advisors, purchase before the year's end to take advantage of a huge depreciation tax write-off. (Please independently verify all tax information prior to purchase.)

FOR SALE DETAILS

PRICE

$1,330,000 USD

PRICE/ACRE

$204,615/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Rice and Grain Storage Facility - N. MS.

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Agribusiness

LAND ACRES

6.5 AC

LAND SF

283,140 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Streets, Telephone

ZONING

C-2

APN/PARCEL ID

170350000000011

ASK ABOUT THIS PROPERTY

Molly HawkinsLandhawk Realty, LLCMore Info
662-609-8455

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Molly HawkinsLandhawk Realty, LLCMore Info
662-609-8455

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