Property profile

126 Broad St Shannon, MS 38868

OFF-MARKET
Specialty properties
6,600 SF 0.26 ac lot Built 1996
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Property summary

AI-generated overview

This 6,600 square foot industrial building, situated on a 0.26-acre lot in Shannon, Mississippi, presents a unique investment opportunity. Built in 1996, this single-story structure boasts a clear-span prefab metal design with a matching roof, offering a 17.5-foot eave height and a 22-foot center height. The property features one 10'x12' dock-high door on the west side, complemented by two 14'x12' drive-in doors at the front and rear. Essential utilities include three-phase electric power and fluorescent lighting. While lacking interior improvements such as restrooms, HVAC, or office space, the building offers significant potential for customization. Exterior features include a concrete sidewalk, ample car parking at the front, and a dedicated concrete truck loading area on the west side. A 28-foot-wide grass driveway provides convenient access from North Street. The property is zoned C1 General Commercial, offering flexibility for various uses. The asking price is $157,900, translating to $23.92 per square foot. This property is ideal for a buyer seeking a functional space with significant upside potential. The building's robust construction and strategic location make it a compelling investment in the thriving Lee County market.

Property profile

Verified
Property type Specialty properties
Year built 1996
Total area 6,600 SF
Lot 0.26 ac (11,326 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

126 Broad St Shannon, MS 38868
Shannon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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