412 S High School Ave Columbia, MS 39429
This exceptional commercial property at 412 S High School Ave., Columbia, MS, presents a unique investment opportunity. The property consists of three individual storefronts, offering a blend of immediate income and future development potential. Two storefronts are currently leased to established tenants, generating consistent rental income. This provides a stable financial foundation for the new owner. The third storefront is vacant, providing a blank canvas for a new business venture. Its high-visibility location ensures significant foot traffic, ideal for retail, office space, or a boutique establishment. The property's versatility allows for a variety of uses, catering to diverse business needs. This is an excellent chance to acquire a well-situated commercial property in a thriving area, offering both immediate return and long-term growth prospects. The property is offered for sale at $349,000. The existing tenants provide a reliable income stream, minimizing risk and maximizing return on investment. The vacant unit presents an opportunity to customize the space to perfectly suit your business requirements, capitalizing on the existing high-traffic location. Don't miss this chance to own a piece of Columbia's vibrant commercial landscape. Serious inquiries are encouraged.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.