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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.
Listing Agent
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SMALLTOWN Hunting Properties and Real Estate
Co-Op Member Owner
SmallTown Hunting Properties & Real Estate, LLC
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