1036 Spg St Wesson, MS 39191
This exceptional commercial property in Wesson, Mississippi presents a compelling investment opportunity. Located at 1036 Spring St, this 0.35-acre lot encompasses a substantial 3,200 square feet of space currently utilized as a well-established mini-storage facility. The facility boasts 30 secure storage units, enjoying a 90% occupancy rate year-to-date, providing a consistent income stream. A separate standalone building is currently leased to a long-term tenant, adding to the property's revenue potential. Situated in the heart of downtown Wesson, this property benefits from its prime location within a growing community. The existing mini-storage operation offers a low-maintenance, income-generating asset, while the ample space and versatile building allow for future expansion and potential repurposing. This property is ideal for investors seeking a stable return on investment with significant upside potential for growth and development. The asking price for this exceptional opportunity is $174,900. The property is located in Copiah County, Mississippi, zip code 39191.
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Carpenter Shop Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.