Three-Suite Multi-Tenant Office
1976 Highway 43 Canton, MS 39046
1976 Highway 43, Canton, MS, 39046
$1,200,000
For Sale
$1,200,000
Fully leased, three-suite commercial building with ample parking and Highway 43 frontage in Canton, MS.
Property Size14,000 SF
Lot Size1.56 Acres
Price / SF$85.71
Days on Market380
Property Features for 1976 Highway 43
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 1.56 Acres
Listing agency
JDJ Realty
(601) 260-0335
Listed by
Chad Doiron · License #S59663
(601) 260-0335
Source
Exprealty
Added: Jul 8, 2025 Updated: Jul 22 at 8:35AM Checked: Jul 22 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDJ Realty
Investment Insights
Based on property information with market context.
JDJ Realty is pleased to present 1976 Highway 43, a fully leased multi-tenant investment opportunity in Canton, MS. The property is approximately 14,000 SF and is set on 1.56 acres, configured into three commercial suites. The available space offers a versatile mix of office, retail, and service-oriented space suitable for leasing, or for an owner-user looking to occupy part of the building while maintaining income from existing tenants.
The building benefits from ample on-site parking, as well as visibility and frontage along Highway 43. The public remarks also note the property is minutes from I-55, Nissan, and Amazon.
This asset is described as having long-term tenant occupancy and is identified as being zoned C2. The current configuration and established tenant base support a straightforward, three-tenant, multi-suite layout within a single commercial building.
The building benefits from ample on-site parking, as well as visibility and frontage along Highway 43. The public remarks also note the property is minutes from I-55, Nissan, and Amazon.
This asset is described as having long-term tenant occupancy and is identified as being zoned C2. The current configuration and established tenant base support a straightforward, three-tenant, multi-suite layout within a single commercial building.
Key Highlights
- Fully leased multi‑tenant commercial investment in Canton, MS
- Approx. 14,000 SF building on 1.56 acres with 3 commercial suites
- Long‑term tenant occupancy with established tenants in place
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.0k | $12.00 |
| − Vacancy | −$16.8k | −$1.20 |
| EGI | $151.2k | $10.80 |
| − OpEx | −$56.7k | −$4.05 |
| NOI | $94.5k | $6.75 |
14,000 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.48M
NOI $148,900 @ 7.0% cap · market cap 12.41%
Second Best
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,500 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,333 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully leased, three-suite commercial building with ample parking and Highway 43 frontage in Canton, MS.
Where is this mixed-use property located?
The property is located at 1976 Highway 43 Canton, MS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased multi‑tenant commercial investment in Canton, MS; Approx. 14,000 SF building on 1.56 acres with 3 commercial suites; Long‑term tenant occupancy with established tenants in place
