710 Broad St Columbia, MS 39429
- Office buildings
- 2,505 SF
Current Use by Public Records
- Vocational Rehabilitation Services / Social Services Organization
Property Details for 710 Broad St
- Year built
- 1998
- Property size
- 2,505 SF
- Property type
- Office buildings
- APN
- 169-05-000-01-034.01
- APU
- 169050000103401
Description
This exceptional investment opportunity presents a single-tenant, Class C office building located at 710 Broad Street, Columbia, Mississippi, 39429. The property boasts 2,566 square feet of net rentable space, currently occupied at 100% capacity by a credit-rated tenant. Built in 1998, this single-story building sits on a substantial 35,944 square foot lot, zoned B1. The asking price is $300,000, representing a compelling price per square foot of $116.91 and a strong 5.78% capitalization rate. The property is offered on a gross lease, simplifying management and maximizing return. This is a turnkey investment, ideal for passive income seekers. The building's single-tenant occupancy minimizes vacancy risk and ensures consistent cash flow. Its location in Marion County provides easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-maintained, fully occupied commercial property with a proven track record of success. The property's solid financial performance and stable tenancy make it an attractive addition to any investment portfolio. The building's single-story design and ample lot size offer potential for future expansion or redevelopment, subject to local zoning regulations.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Marion
- State
- Mississippi
- Longitude
- -89.8251
- Latitude
- 31.2502
