1113 Us-98 Columbia, MS 39429
- Lifestyle centers
- 18,000 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 1113 Us-98
- Property size
- 18,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional value-add investment opportunity presents a two-building, 18,000 square foot shopping center located at 1113 US-98 in Columbia, Mississippi, zip code 39429. Currently boasting 100% occupancy, this single-story property offers a compelling return with a 7.82% capitalization rate and a Net Operating Income (NOI) of $113,403. The asking price is $1,450,000, translating to $80.56 per square foot. The property is classified as a multi-tenant retail space, ideal for investors seeking strong cash flow. Situated in the heart of Columbia, this owner-occupied center presents a rare opportunity to acquire a well-established, high-performing asset. The property's strong tenancy and location within Marion County, Mississippi, contribute to its attractive investment profile. This is a turnkey operation ready for immediate income generation. The property's solid performance and high occupancy rate make it an excellent addition to any diversified real estate portfolio. Serious inquiries are encouraged to explore this lucrative investment prospect further.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Marion
- State
- Mississippi
- Longitude
- -89.8062
- Latitude
- 31.2447
