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Listed by JEFF PALMER • Century 21 Alliance
$ 280,000
Est. payment /mo
New
14 N 3rd St. Bay Springs, MS 39422
6 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 148601
Full Baths 6
Annual Tax Amount $4,477
Tax Year 4477
Lot Dimensions 200 x 203 x 200 x 222
Property Sub-Type Business
Source Hattiesburg Area Association of REALTORS®
Property Description
Excellent Investment Opportunity - 10% CAP Rate with Significant Upside Potential!
Outstanding opportunity to acquire an income-producing property currently operating as a United States Post Office. The U.S. Postal Service has approximately 10 years remaining on its current lease, with an option to renew, providing an established long-term tenant and attractive income stream.
Even more compelling, the property is currently generating an approximately 10% CAP rate while only about 50% of the building is leased. The remaining space offers significant upside potential through additional leasing or could provide an excellent opportunity for an owner/user needing additional commercial space.
With a long-term USPS lease already in place, a strong current return, and approximately half of the building still available to generate additional income, this property offers an attractive combination of current cash flow, long-term tenancy, and future growth potential.
Outstanding opportunity to acquire an income-producing property currently operating as a United States Post Office. The U.S. Postal Service has approximately 10 years remaining on its current lease, with an option to renew, providing an established long-term tenant and attractive income stream.
Even more compelling, the property is currently generating an approximately 10% CAP rate while only about 50% of the building is leased. The remaining space offers significant upside potential through additional leasing or could provide an excellent opportunity for an owner/user needing additional commercial space.
With a long-term USPS lease already in place, a strong current return, and approximately half of the building still available to generate additional income, this property offers an attractive combination of current cash flow, long-term tenancy, and future growth potential.
Location
State MS
County Jasper
Building
Lot Description Corner Lot
Structure Type Brick
Lauren Pace Herrick
Broker Associate S-S-51514