Property profile

3341 Hwy 49th S Florence, MS 39073

OFF-MARKET
Retail space
Property ID
US50-0094358
4,740 SF 0.54 ac lot Built 1998
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This 4,740 square foot commercial building is situated on a 0.54-acre lot at 3341 Highway 49 in Florence, Mississippi. Currently generating passive income through two established tenants, this property presents a compelling investment opportunity. One tenant has enjoyed a stable four-and-a-half-year lease, demonstrating the building's appeal and location advantages. A recently secured new tenant further solidifies the property's consistent revenue stream. The building's prime Highway 49 location ensures high visibility and accessibility, attracting a diverse customer base. This makes it an ideal investment for those seeking a reliable and profitable commercial property with established tenancy. The property's size and existing leases offer immediate returns, minimizing vacancy risks and maximizing potential for long-term growth. The asking price is $325,000. This represents a strong return on investment given the current lease agreements and the strategic location. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 4,740 SF
Lot 0.54 ac (23,522 SF)
APN E04 000005 00030
UPID US50-0094358

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company

Location

3341 Hwy 49th S Florence, MS 39073-8038
Florence metro Census 21003 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2016
3 recorded transactions
2021
Price N/A
2016
Price N/A
2009
Price N/A

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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