14 N 3rd St. Bay Springs, MS 39422
Commercial-Other
MLS #: 148601
Listed By CENTURY 21 Alliance
1
Property InformationDescription
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.
Corner Lot
Corner Lot
Features
- Age: Over 50 Years Old
- Building Area: 0.00 SF
- Cap Rate Percentage: 10
- Cross Docks: N
- Expenses: 16956.00
- Exterior Description: Brick
- For Auction: N
- Full Bathrooms: 6
- Gross Income: 44128.00
- Level Number: 2
- Location Name: Bay Springs MS
- Lot Description: Corner
- Lot Size Desc: 1-2 Acres
- Lot Size In Text: 0 Sq. Ft.
- MLSID: 148601
- Net Operating Income: 27172.00
- Parking Places: 0
- Price Upon Request: N
- Property Use: Other Commercial
- Sewer: City
- Style: Other Style
- Sublease: N
- Tax Year: 2025
- Taxes: $4477.00
- Water: City Water
- Zoning: Commercial
- Zoning: Commercial
