Current Use by Public Records
- Office Spaces
Property Details for 1663 Us 49
- Lot size
- 0.68 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional Class A office building, located at 1663 US 49 in Magee, Mississippi, presents a compelling investment opportunity. The property boasts 8,000 square feet situated on a 0.68-acre lot, offering high visibility due to its adjacency to a Walmart. Currently operating at 100% occupancy with two tenants, this multi-tenant building generates a substantial net operating income (NOI) of $89,000, resulting in an attractive 7.42% capitalization rate. The asking price is $1,200,000, translating to $600,000 per unit. The property features a single, one-story building with two distinct units, suitable for executive or medical office uses. The property is offered fee simple, and the parcel number is 41839000260000000512. This is a rare opportunity to acquire a well-performing, high-visibility commercial property in a desirable location with a strong tenant base and excellent financial performance under a Net Net lease structure. The property's strategic location and strong cash flow make it an ideal addition to any investment portfolio.
Value Estimations
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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
- -89.747
- Latitude
- 31.8692
