Search Land - Commercial Building in Bolivar County, MS
Commercial Building in Bolivar County, MS
$950,000
MLS #MS1253975
504 N Chrisman Avenue, Cleveland, MS
Status: Active
Photos
1/31
Property Type
Acreage
Commercial Acreage
Acreage
0.68 acres
County
Bolivar, MS
Format
Sale
Features
Development Potential
Electricity
List Date
Jan 30, 2025
Documents
CommBuild
Description
IF YOU ARE A COMMERCIAL INVESTOR LOOKING TO EXPAND YOUR PORTFOLIO, CHECK OUT THIS 15,093± SQUARE FOOT COMMERCIAL BUILDING IN BOLIVAR COUNTY, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000± square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000± square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%.
If you are interested in an income-producing commercial real estate property, call today.
Land Broker Co-op assumes no responsibility for the accuracy of information contained herein. Information contained herein has been provided by either the property owner or the listing broker and is assumed to be accurate and reliable. Buyers acknowledge, and shall assume full responsibility for verification of all information contained herein.