1765 Stateline Rd Southaven, MS 38671
- Lifestyle centers
- 7,150 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 1765 Stateline Rd
- Year built
- 1960
- Property size
- 7,150 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 7,150 square foot, single-story commercial property, located at 1765 Stateline Rd W in Southaven, Mississippi (zip code 38671), presents a compelling investment opportunity. Currently operating at 100% occupancy as a multi-tenant shopping center with storefront and traditional office spaces, this Class C property offers immediate cash flow with a Net Lease structure. Built in 1960 and extensively renovated three years ago, the building boasts a newer metal and TPO roof (installed in 2021) and a recently refreshed exterior. Tenants are responsible for their own utilities and repairs, minimizing owner maintenance. Ample parking is available with approximately 30 spaces. The property enjoys a highly visible location, just two miles from Highway 51 and five miles from Highway 55, ensuring convenient access for tenants and customers. The asking price is $695,000, translating to $97.20 per square foot. The seller is motivated and open to reasonable offers. An additional building is available for sale next door, presenting a potential expansion opportunity. This is a low-maintenance, high-return investment ideal for those seeking immediate cash flow and long-term stability.
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
- Southaven
- County
- DeSoto
- State
- Mississippi
- Longitude
- -90.021
- Latitude
- 34.9915
