15 Bill Hancock Rd Coldwater, MS 38618
This exceptional commercial property, located at 15 Bill Hancock Road in Coldwater, Mississippi, presents a unique investment opportunity. Spanning two acres of land in the heart of downtown, this property is zoned C-1, making it ideal for a wide range of commercial ventures. A key feature is the existing US Post Office situated on the property, currently leased out to a tenant, providing immediate and consistent rental income. The property's 646 square feet of existing building space offers potential for expansion or adaptation to suit a new business's needs. The strategic location offers high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. Furthermore, an adjacent commercial lot of approximately 1.77 acres is also available for purchase, presenting the opportunity to acquire a combined total of approximately 3.77 acres of prime downtown real estate. This combined acreage offers significant potential for development and expansion, allowing for a larger-scale commercial project or the creation of a substantial commercial campus. The asking price for this exceptional property is $430,000. Don't miss this chance to own a piece of Coldwater's thriving commercial landscape.
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.