Exceptional Commercial Facility in Petal

226 E Central Ave, Petal, MS 39465

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For Sale

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Move-in ready commercial building in Petal, Mississippi with special features.

Type:Office

Property size:

3,577 SF

Price / SF:

$125/SF

HighLights

Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.
Former bank branch, well‑maintained and move‑in ready, with a working vault.
Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.
3,577 SF +/- solid building with four entrance/egress options.
Two large executive offices with floor‑to‑ceiling windows, expansive lobby, and spacious conference room.
Highly visible sign with a marketing marquee and well‑landscaped parking lot.

We can help!

Listing Contact

Joseph Tubb

Learn more

For Sale

Contact for pricing

Move-in ready commercial building in Petal, Mississippi with special features.

Type:Office

Property size:

3,577 SF

Price / SF:

$125/SF

Added:: Jan 25, 2022
Days on Market:: 1602
Last Refresh:: May 12 at 8:38 pm

Property Features for 226 E Central Ave

General Information

Standard status: Active
Size: 3,577 SF
Property subtype: Office

We can help!

Listing Contact

Joseph Tubb

Listing agent Joseph Tubb License #MS S-50068

Listing office Cook Commercial Properties

Listing date Jan 25, 2022

Source Crexi

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 Cook Commercial Properties

HighLights

Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.
Former bank branch, well‑maintained and move‑in ready, with a working vault.
Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.
3,577 SF +/- solid building with four entrance/egress options.
Two large executive offices with floor‑to‑ceiling windows, expansive lobby, and spacious conference room.
Highly visible sign with a marketing marquee and well‑landscaped parking lot.

Overview

This 3,577 square foot commercial facility is located in Petal, Mississippi, surrounded by retail, schools, solid neighborhoods, and established commercial developments. The well-maintained building features four options for entrance and egress, two large executive offices with floor-to-ceiling windows, an expansive lobby, a spacious conference room, a break room with built-in features, and additional office coves. Beautiful brick floors are present throughout the building, which also includes a working vault. A highly visible sign with a marketing marquee is included. The property has a well-landscaped parking lot. Formerly a bank branch, the construction and shape of the building present opportunities for drive-through needs with four bays and equipment in place. It is suitable for a pharmacy, emergency care facility, or other medical applications.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$62.2k	$17.40
− Vacancy	−$6.5k	−$1.83
EGI	$55.7k	$15.57
− OpEx	−$22.3k	−$6.23
NOI	$33.4k	$9.34

3,577 SF · lease $17.40/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$477.5K

$417.8K – $557.1K (±1% cap)

NOI $33,423 @ 7.0% cap · market cap 7.43%

Second Best

Office B

$430.5K

$376.7K – $502.2K (±1% cap)

NOI $30,133 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$588.7K

$515.1K – $686.8K (±1% cap)

NOI $41,207 @ 7.0% cap · market cap 9.16%

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

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Petal
County: Forrest
State: Mississippi
Longitude: -89.259777
Latitude: 31.346741

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For sale
Office buildings
MS
Petal
39465
226 E Central Ave

What type of property is this?

Office building - Move-in ready commercial building in Petal, Mississippi with special features.

Where is this office building located?

The property is located at 226 E Central Ave Petal, MS.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.; Former bank branch, well‑maintained and move‑in ready, with a working vault.; Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.