Highway 80 Commercial
Hwy 80 W Clinton, MS 39056
Hwy 80 W, Clinton, MS, 39056
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For Sale
Contact for pricing
18,300 SF building on 1 acre, Highway 80 frontage.
Property Size18,300 SF
Lot Size1.00 Acre
Price / SF$95.08
Days on Market648
Property Features for Hwy 80 W
General Information
- Standard status
- Active
- Size
- 18,300 SF
- Lot size
- 1.00 Acre
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1972
Listing Agency
Payne Realty Inc
Listed by
Tommy Payne, CCIM · License #MS B-21592
Source
Crexi
Added: Oct 11, 2024 Checked: Jul 19 at 4:32 am
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 Payne Realty Inc
Investment Insights
Based on property information with market context.
Located on Highway 80 in Clinton, Mississippi, this property features an approximately 18,300 square foot building situated on just over 1 acre of land. The site is suitable for retail, storage, or warehousing. Redevelopment opportunities exist for retailers seeking to benefit from the approximately 21,000 annual daily traffic count on the active Highway 80 corridor, which is experiencing new development.
Key Highlights
- Highway 80 Frontage: High visibility and accessibility.
- High Traffic Count: Benefit from approximately 21,000 vehicles passing daily.
- Redevelopment Potential: Suitable for redevelopment by retailers.
Local Financial Insights For Retail
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 | $219.6k | $12.00 |
| − Vacancy | −$22.0k | −$1.20 |
| EGI | $197.6k | $10.80 |
| − OpEx | −$59.3k | −$3.24 |
| NOI | $138.3k | $7.56 |
18,300 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,348 @ 7.0% cap · market cap 7.95%
Second Best
Warehouse
$1.96M
$1.72M – $2.29M
NOI $137,434 @ 7.0% cap · market cap 7.90%
Theoretical Best
Hotel Hospitality
$124.31M
$108.77M – $145.03M
NOI $8,701,976 @ 7.0% cap · market cap 500.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 18,300 SF building on 1 acre, Highway 80 frontage.
Where is this mixed-use property located?
The property is located at Hwy 80 W Clinton, MS.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: Highway 80 Frontage: High visibility and accessibility.; High Traffic Count: Benefit from approximately 21,000 vehicles passing daily.; Redevelopment Potential: Suitable for redevelopment by retailers.
