401 Bailey Dr Hollandale, MS 38748
This exceptional 6,405 square foot commercial property, situated on a 1.21-acre lot at 401 Bailey Drive in Hollandale, Mississippi, presents a remarkable investment opportunity. Previously utilized as a mental health facility, this versatile building offers a multitude of potential uses for a diverse range of businesses. The layout includes numerous private offices, providing individual workspaces for employees or clients, complemented by open cubicle workspaces ideal for collaborative projects. A large, well-appointed conference room offers a dedicated space for meetings and presentations. A significant advantage is that the property comes fully furnished, including desks, chairs, copiers, computers, and media equipment, minimizing initial setup costs and allowing for immediate occupancy. The building and grounds are meticulously maintained, reflecting a commitment to quality and upkeep. The previous owner is available to provide valuable insights into the building's history and operational capabilities, offering potential buyers a unique opportunity to learn from past successes. This property represents a rare chance to acquire a well-equipped, versatile commercial space in a desirable location, ready for immediate use or customization to suit specific business needs. The asking price is $372,000.
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.