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504 N Chrisman Avenue, Cleveland, MS 38732
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$950,000
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Home Details for 504 N Chrisman Avenue
Price
$950,000
Type
Commercial/Industrial
Year Build
1974
Lot Size
0.64
County
Bolivar
Tax
$11,071
MLS®️ Listing#
4102320
On exitrealty.com
290 days
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%.
- Utilities
- Cable Available
- Electricity Connected
- Natural Gas Available
- Phone Available
- Sewer Connected
- Water Connected
- Cooling Information
- Central Air
- Heating Information
- Central
- Water Features
- Public
Listing Courtesy: Smalltown Hunting Properties & - 662-719-7167. Presented by: Billy Carpenter
IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
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$950,000
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