518 High School Ave Columbia, MS 39429
This exceptional commercial property located at 518 S High School in Columbia, MS, presents a unique investment opportunity. Previously the Coca-Cola plant, this building has been thoughtfully repurposed to offer a versatile mix of spaces. The main building comprises 13 individual offices, perfect for a variety of businesses or a single large operation. Four bathrooms and a kitchen provide ample amenities for employees and tenants. An added benefit is a sizable 4000 square foot warehouse, ideal for storage or light manufacturing. Adding to the property's appeal is a separate upstairs apartment, offering additional rental income potential or private office space. The seller is offering a significant price reduction, making this an even more attractive proposition. Furthermore, the owner is open to leasing the building in two separate sections, providing flexibility for potential tenants. A lease with an option to purchase is also available, offering a unique pathway to ownership. This property's diverse layout and multiple income streams make it an excellent investment opportunity for savvy buyers seeking a high-return asset in a desirable location. The building's history and substantial size offer significant potential for various business ventures. Don't miss this chance to acquire a truly remarkable commercial property. The asking price is $349,000.
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LPL Financial Financial Advisor
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Pierre's Air Conditioning & Heat LLC HVAC Service General Contractor
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Mt Gilead Improve Water Association Water Utility Company
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Southern Environmental LLC Environmental Consultant
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Powell Melvin Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.