4970 Raymond Ave Tupelo, MS 38801
For Lease
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This exceptional 10,004 square foot retail and office property, located at 4970 Raymond Ave. in Verona, MS (Lee County, zip code 38801), presents a unique investment opportunity. Built in 1988, this single-story building features four suites, offering flexible space options ranging from 1,000 to 8,000 contiguous square feet. The property is currently undergoing redevelopment to enhance its appeal to new tenants. The landlord is actively seeking qualified tenants and is willing to make improvements to accommodate their specific needs. This prime location in Tupelo offers excellent visibility and accessibility, making it ideal for a variety of businesses. The property's APN is 114N-19-001-00. The building's single-story design provides convenient access for both employees and customers. With its strategic location and the landlord's commitment to improvements, this property represents a compelling opportunity for businesses seeking a well-maintained and adaptable space in a thriving market. Available suite sizes include approximately 1,000, 2,000, and 4,000 square feet. Don't miss this chance to secure your ideal space in this revitalized commercial center.
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
Similar Nearby for Lease
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.