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    4970 Raymond Ave Tupelo, MS 38801

    For Lease
    $115 SF/Yr

    Prime Tupelo location, multiple suites available

    Lot size:
    10,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,004 square foot retail and office property, located at 4970 Raymond Ave. in Verona, MS (Lee County, zip code 38801), presents a unique investment opportunity. Built in 1988, this single-story building features four suites, offering flexible space options ranging from 1,000 to 8,000 contiguous square feet. The property is currently undergoing redevelopment to enhance its appeal to new tenants. The landlord is actively seeking qualified tenants and is willing to make improvements to accommodate their specific needs. This prime location in Tupelo offers excellent visibility and accessibility, making it ideal for a variety of businesses. The property's APN is 114N-19-001-00. The building's single-story design provides convenient access for both employees and customers. With its strategic location and the landlord's commitment to improvements, this property represents a compelling opportunity for businesses seeking a well-maintained and adaptable space in a thriving market. Available suite sizes include approximately 1,000, 2,000, and 4,000 square feet. Don't miss this chance to secure your ideal space in this revitalized commercial center.

    Property Features for 4970 Raymond Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,004 SF
    Total Rate
    96038.4

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    4974 Raymond Ave.
    Size
    2,000 SF
    Rate per SF
    $129
    Space
    4972 Raymond Ave.
    Size
    2,000 SF
    Rate per SF
    $129
    Space
    4970 Raymond Ave.
    Size
    4,000 SF
    Rate per SF
    $115
    Space
    4966 Raymond Ave.
    Size
    1,000 SF
    Rate per SF
    $144

    HighLights

    • 10,004 SF retail/office building in Verona, MS (Lee County, 38801).
    • Four suites available, ranging from 1,000 to 8,000 contiguous SF.
    • Undergoing redevelopment; landlord offers tenant improvements.
    • Prime location with excellent visibility and accessibility.
    • APN: 114N‑19‑001‑00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.720109461582
    Latitude
    34.198440642312

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    FAQs

    What type of property is this?
    Individual retail property - Prime Tupelo location, multiple suites available
    Where is this individual retail property located?
    The property is located at 4970 Raymond Ave Tupelo, MS.
    What is the lease rate?
    The lease rate is $115-$144 SF/Yr.
    What are key features of this property?
    This property features: 10,004 SF retail/office building in Verona, MS (Lee County, 38801).; Four suites available, ranging from 1,000 to 8,000 contiguous SF.; Undergoing redevelopment; landlord offers tenant improvements.
    Request Owner's contact information
    4970 Raymond Ave Tupelo, MS 38801
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    Tupelo, MS 38801
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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
    4970 Raymond Ave Tupelo, MS 38801
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