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    OFF-MARKET
    Warehouses

    133 Scanlan St, Newton, MS 39345

    606,321 SF 27.51 ac lot Built 1967
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Warehouses
    Year built 1967
    Total area 606,321 SF
    Lot 27.51 ac (1,198,336 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • La-Z-Boy South Production Facility Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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