1. Mississippi
  2. Cleveland
  3. 504 N Chrisman Avenue
$950,000

504 N Chrisman Avenue, Cleveland, MS 38732

  • 15,093 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon0.64acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $63/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

IF YOU ARE A COMMERCIAL INVESTOR LOOKING TO EXPAND YOUR PORTFOLIO, CHECK OUT THIS 15,093± SQUARE FOOT COMMERCIAL BUILDING IN BOLIVAR COUNTY, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000± square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000± square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%.

Listing Status:
Active
Date Added:
January 30, 2025 at 06:00AM
Listing Office:
Smalltown Hunting Properties & : 662-719-7167
Listing Agent:
Billy Carpenter : 662-820-2007
MLS ID:
4102320
  • Flooring: Tile
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Billy Carpenter, Smalltown Hunting Properties &

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Alternative School

601 3rd St, Cleveland, MS, 38732

Grades 5-12

0.33 miles away

A

Alternative School

601 3rd St, Cleveland, MS, 38732

Grades 5-12

0.33 miles away

A

Alternative School

601 3rd St, Cleveland, MS, 38732

Grades 5-12

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.