Property summary
This exceptional 5,317 square foot office building, located at 235 Hwy 589 in Purvis, Mississippi, presents a compelling investment opportunity. Built in 2005, this single-story, Class C property boasts 100% occupancy with two high-quality tenants, generating a substantial net operating income (NOI) of $47,549 and a strong 9.51% capitalization rate. The asking price is $500,000, translating to a price per square foot of $94.04. The property features a gross lease structure and sits on a sizable 36,590 square foot lot, zoned I-1. This multi-tenant building offers a stable income stream with a proven track record. The property is conveniently located in Lamar County, Mississippi, with easy access to Highway 589. Serious inquiries only. Showings are by appointment only, and lease agreements are available for review upon execution of a non-disclosure agreement.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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