Current Use by Public Records
- Office Spaces
Property Details for 1663 Us 49
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a fully rented office building ideally situated adjacent to a Walmart in Magee, Mississippi. The property generates substantial rental income, currently totaling $113,400 annually. Operating expenses are estimated at $24,000 per year, resulting in a significant net operating income of $89,400. This translates to an attractive 7.45% return on the asking price of $1,200,000. The building's prime location next to a major retailer ensures high visibility and convenient access for tenants and customers. The strong tenant occupancy and consistent cash flow make this a compelling investment for those seeking a stable and profitable commercial real estate asset. Further details regarding the building's square footage and specific lease terms are available upon request. This is a rare opportunity to acquire a well-performing commercial property in a thriving market. The property's location and strong financial performance make it an ideal addition to any diversified investment portfolio. Serious inquiries only.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Magee
- County
- Simpson
- State
- Mississippi
- Longitude
- -89.7493
- Latitude
- 31.8709
