Business HoursMon-Fri: 9PM-5PM | Sat: 9AM-1PM
Offices418 HWY 90 Waveland, MS 39576
$1,300,000
Flowood, MS 39232
MLS# 1338075
Status: Closed
15210 sqft
1 / 1
Property Description
Established Retail and office complex located just South of the Lakeland Drive and Grants Ferry Road intersection near the Ross Barnett Reservoir. The property consists of a 6,000+/- SF retail building setup for six suites, and a 9,000+/- SF two story office building situated on a 1.3+/- Acre lot. Both buildings are in good condition and have been well maintained. Great location in an established but growing area of Rankin County. Both buildings are 100% leased with an NOI of $131,000. Highlights Office / Retail Center Investment Lakeland Drive Corridor Flowood, MS 6,000+/- SF retail building 9,000+/- SF two story office building 100% leased with an NOI of $131,000 (9.55% Cap Rate)
Details
Address and Location Information
Parcel Number: H11 000057 00010
Street Number: 5403
Street Name: Castlewoods
Street Suffix: Court
County: Rankin
State: MS
Zip Code: 39232
Location
In Shopping Center: 1
Strip Mall: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-02-13
List Price: $1,375,000
Current Price: $1,300,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
SqFt Source: Owner
List Price/SqFt: 90.4
Approx H/C SqFt: 15210
Tax and Financial Information
Zoning: General Commercial
Leasehold Y/N: No
Remarks & Miscellaneous
Public Remarks: Established Retail and office complex located just South of the Lakeland Drive and Grants Ferry Road intersection near the Ross Barnett Reservoir. The property consists of a 6,000+/- SF retail building setup for six suites, and a 9,000+/- SF two story office building situated on a 1.3+/- Acre lot. Both buildings are in good condition and have been well maintained. Great location in an established but growing area of Rankin County. Both buildings are 100% leased with an NOI of $131,000. Highlights Office / Retail Center Investment Lakeland Drive Corridor Flowood, MS 6,000+/- SF retail building 9,000+/- SF two story office building 100% leased with an NOI of $131,000 (9.55% Cap Rate)
Status Change Info
Sold Price/SqFt: 85.47
Contract Date/Pending Date: 2021-03-21
Closing Date: 2021-06-30
Current Use
Retail: 1
Business Type
General Business: 1
Retail: 1
Sewer
Aerobic Septic: 1
Cesspool: 1
Engineered Septic: 1
Holding Tank: 1
Mound Septic: 1
Septic Needed: 1
Shared Septic: 1
Unknown: 1
See Remarks: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Showing Requirements
Showing: Appointment Required
Property Features
Business Type: General Business; Retail
Current Use: Retail
Location: In Shopping Center; Strip Mall
Sewer: Aerobic Septic; Cesspool; Engineered Septic; Holding Tank; Mound Septic; Septic Needed; Shared Septic; Unknown; See Remarks
Listing Terms: Cash; Conventional; Other
Listing Office: JDJ Realty
Listing Agent: Jon-David Johnson
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$1,300,000
Flowood, MS 39232
MLS# 1338075
Status: Closed
15210 sqft
1 / 1
Property Description
Established Retail and office complex located just South of the Lakeland Drive and Grants Ferry Road intersection near the Ross Barnett Reservoir. The property consists of a 6,000+/- SF retail building setup for six suites, and a 9,000+/- SF two story office building situated on a 1.3+/- Acre lot. Both buildings are in good condition and have been well maintained. Great location in an established but growing area of Rankin County. Both buildings are 100% leased with an NOI of $131,000. Highlights Office / Retail Center Investment Lakeland Drive Corridor Flowood, MS 6,000+/- SF retail building 9,000+/- SF two story office building 100% leased with an NOI of $131,000 (9.55% Cap Rate)
Details
Address and Location Information
Parcel Number: H11 000057 00010
Street Number: 5403
Street Name: Castlewoods
Street Suffix: Court
County: Rankin
State: MS
Zip Code: 39232
Location
In Shopping Center: 1
Strip Mall: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-02-13
List Price: $1,375,000
Current Price: $1,300,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
SqFt Source: Owner
List Price/SqFt: 90.4
Approx H/C SqFt: 15210
Tax and Financial Information
Zoning: General Commercial
Leasehold Y/N: No
Remarks & Miscellaneous
Public Remarks: Established Retail and office complex located just South of the Lakeland Drive and Grants Ferry Road intersection near the Ross Barnett Reservoir. The property consists of a 6,000+/- SF retail building setup for six suites, and a 9,000+/- SF two story office building situated on a 1.3+/- Acre lot. Both buildings are in good condition and have been well maintained. Great location in an established but growing area of Rankin County. Both buildings are 100% leased with an NOI of $131,000. Highlights Office / Retail Center Investment Lakeland Drive Corridor Flowood, MS 6,000+/- SF retail building 9,000+/- SF two story office building 100% leased with an NOI of $131,000 (9.55% Cap Rate)
Status Change Info
Sold Price/SqFt: 85.47
Contract Date/Pending Date: 2021-03-21
Closing Date: 2021-06-30
Current Use
Retail: 1
Business Type
General Business: 1
Retail: 1
Sewer
Aerobic Septic: 1
Cesspool: 1
Engineered Septic: 1
Holding Tank: 1
Mound Septic: 1
Septic Needed: 1
Shared Septic: 1
Unknown: 1
See Remarks: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Showing Requirements
Showing: Appointment Required
Property Features
Business Type: General Business; Retail
Current Use: Retail
Location: In Shopping Center; Strip Mall
Sewer: Aerobic Septic; Cesspool; Engineered Septic; Holding Tank; Mound Septic; Septic Needed; Shared Septic; Unknown; See Remarks
Listing Terms: Cash; Conventional; Other
Listing Office: JDJ Realty
Listing Agent: Jon-David Johnson
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.