Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    710 Davis Ave Cleveland, MS 38732

    Sponsored
    For Sale
    $3,770,000

    Mississippi Retail Investment Opportunity

    Property size:
    28,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Eagle Plaza, a thriving 28,240-square-foot shopping center in Cleveland, Mississippi, presents a compelling investment opportunity. This multi-tenant retail property boasts 100% occupancy with eight tenants, including Dollar Tree and CATO, a mix of national and local retailers. The center benefits from a strong location on North Davis Avenue, parallel to US Route 278, experiencing traffic counts exceeding 22,759 vehicles daily. Shadow-anchored by a high-traffic Walmart Supercenter (ranking in the 77th percentile nationally for annual visitors), Eagle Plaza enjoys significant visibility and customer traffic. Built in 2006, the property features ample paved parking and a double-sided monument sign. The asking price is $3,770,000, representing $133.50 per square foot, with a strong 8.00% cap rate and a Net Operating Income (NOI) of $301,612. 94% of the gross leasable area is under triple-net leases, providing long-term stability. The property sits on a 0.86-acre parcel in a prime retail corridor, surrounded by other national and regional retailers, hotels, and a population exceeding 24,000 within a 10-mile radius. This well-positioned center offers a stable income stream and significant growth potential. The property's location in Cleveland, Bolivar County, Mississippi, provides easy access to US Route 278 (Blues Highway) and is approximately 19 miles southeast of Rosedale and the Mississippi River. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

    Property Features for 710 Davis Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    28,240 SF

    Building Details

    Year Built
    2006
    Units
    8

    HighLights

    • 28,240‑square‑foot multi‑tenant retail center.
    • Shadow‑anchored by a high‑traffic Walmart Supercenter with approximately 2.2 million annual visitors (Placer.ai data).
    • 100% occupied, with 94% triple‑net leased.
    • Long‑term tenant base; 78% occupancy since origination, featuring a mix of national, regional, and local retailers.
    • Anchored by Dollar Tree and Cato, with strong performance metrics (Placer.ai data).
    • Situated on North Davis Avenue, near US Route 278 (Blues Highway), with over 22,759 vehicles per day on US 278.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.71435017
    Latitude
    33.75574967

    Nearby Similar for Sale

    • $169,000
      2,928 SF

      Multifamily Investment Opportunity in Cleveland

      Five residential units on one property, great investment opportunity.
      314 S Leflore Ave, Cleveland, MS 38732
      View Details
    • $575,000
      6,000 SF

      Cleveland Warehouse with Highway Frontage

      6,000 SF warehouse on 1.8 acres with showroom.
      3612 Highway 61, Cleveland, MS 38732
      View Details
    • $126,000
      1,320 SF

      Cleveland Duplex Investment Opportunity

      Duplex with fenced yards on .12+/- acre lot.
      500 Avery St, Cleveland, MS 38732
      View Details
    • $99,500
      1,368 SF

      Duplex Near Delta State University

      Investment opportunity: duplex near Delta State University in Cleveland, MS.
      1109 N Yale St, Cleveland, MS 38732
      View Details
    • $79,000
      1,274 SF

      Cleveland MS Residential Income Property

      Duplex in Cleveland, MS with positive monthly income.
      110 S Jones Ave, Cleveland, MS 38732
      View Details
    • $120,000
      1,496 SF

      Cleveland Duplex with Income Potential

      Income-generating duplex in Cleveland, MS, featuring two one-bedroom units.
      315 S Bolivar Ave, Cleveland, MS 38732
      View Details
    • $135,000
      0.13 Acres

      Corner Lot in Cleveland, MS

      5,139 SF building on a corner lot for sale.
      155 North St, Cleveland, MS 38732
      View Details
    • $1,385,000
      10,000 SF

      Cleveland Multifamily Investment Opportunity

      10-unit complex on 3.5 acres, fully leased.
      4140 Highway 8, Cleveland, MS 38732
      View Details
    • $595,000
      1.00 Acre

      Commercial Building in Cleveland, MS

      Commercial building with three rented retail spaces on Hwy 8.
      105 N Davis Ave, Cleveland, MS 38732
      View Details
    • $550,000
      5,803 SF

      Historical Downtown Building with Modern Flare

      Remodeled historical building in downtown Cleveland, MS, with modern features.
      110 S Court St, Cleveland, MS 38732
      View Details
    • $875,000
      6,222 SF

      Remodeled Commercial/Residential Space in Cleveland

      Modernized property in downtown Cleveland, MS, suitable for commercial or residential.
      211 N Pearman Ave, Cleveland, MS 38732
      View Details
    • $375,000
      4,369 SF

      Commercial Building with Ample Parking

      Spacious commercial building with high visibility and easy accessibility.
      1028 South Davis Ave, Cleveland, MS 38732
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Mississippi Retail Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 710 Davis Ave Cleveland, MS.
    What is the asking price?
    The asking price for this property is $3,770,000.
    What are key features of this property?
    This property features: 28,240-square-foot multi-tenant retail center.; Shadow-anchored by a high-traffic Walmart Supercenter with approximately 2.2 million annual visitors (Placer.ai data).; 100% occupied, with 94% triple-net leased.
    Request Owner's contact information
    710 Davis Ave Cleveland, MS 38732
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    710 Davis Ave
    Cleveland, MS 38732
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    710 Davis Ave Cleveland, MS 38732
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.