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    133 Scanlan St Newton, MS 39345

    Sponsored
    For Lease
    $1.75 SF/Yr

    606,321 SF Manufacturing/Warehouse

    Lot size:
    606,321 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 606,321-square-foot industrial property, situated on 27.5 acres in Newton, Mississippi, presents a unique investment opportunity. The property boasts three buildings, totaling 606,321 square feet of space, currently entirely vacant and available for lease or sale. Built in 1967 and renovated in 2010, the facility features a two-story design with ceiling heights ranging from 15 to 30 feet, providing ample vertical space for various industrial uses. The property includes 37 loading docks, one drive-in door, and 250 parking spaces, ensuring efficient logistics and ample room for employees and visitors. Heavy power is available, catering to energy-intensive operations. The property is zoned L-2 Heavy Industrial and benefits from its strategic location in the East Central Mississippi submarket, conveniently accessible via Interstate 20, approximately 60 miles east of Jackson, Mississippi. The facility includes approximately 20,000 square feet of office space, complete with management offices, training rooms, an infirmary, and a cafeteria, making it suitable for a wide range of manufacturing and warehousing needs. The property's location offers access to a skilled workforce, evidenced by the long-standing presence of La-Z-Boy in the area. The entire warehouse is under a conditioned roof. The APN is 057J-34-03-001.00. This property is an ideal solution for businesses seeking a large, well-equipped industrial space in a prime location.

    Property Features for 133 Scanlan St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    606,321 SF
    Total Rate
    88421.81

    Building Details

    Year Built/Renovated
    1967/2010
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    606,321 SF
    Rate per SF
    $1.75

    HighLights

    • 30‑foot ceilings.
    • 37 loading docks.
    • 20,000 square feet of office space.
    • One drive‑in bay.
    • Two conference rooms, kitchen, training rooms, cafeteria, and on‑site infirmary.
    Property Profile Location Intelligence

    Current Use by Public Records

    La-Z-Boy South Furniture Maker

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Newton
    State
    Mississippi
    Longitude
    -89.163206730275
    Latitude
    32.324696335801

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    FAQs

    What type of property is this?
    Distribution property - 606,321 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 133 Scanlan St Newton, MS.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: 30-foot ceilings.; 37 loading docks.; 20,000 square feet of office space.
    Request Owner's contact information
    133 Scanlan St Newton, MS 39345
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    Newton, MS 39345
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    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
    133 Scanlan St Newton, MS 39345
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