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Key Details
Sold Price $399,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,846 sqft
Price per Sqft $68
MLS Listing ID 1323942
Sold Date 03/16/20
Property Sub-Type Office
Source MLS United
Property Description
Income Producer! This 5,846+/- Sq Ft Office Building is Located Just One Minute off Lakeland Dr in Brandon. Approximately 2,800 Sq Ft is Currently Being Leased (10+Yr Tenants) and Produces $2,425/mo in Rent, with an Additional 3,000+/- of Available Space. Owner has been Occupying Remaining Space, but could easily be turned into 2 Separate Suites with Exterior Access Already in Place. Total Potential Rent could easily be $5,000-5,500/mo which would provide an ROI of over 11%! Building Boasts Plenty of Parking, Large Offices, Huge Conference/Training Rooms, Receptionist Areas, Kitchenettes, Loading Dock, Partial Metal Roof, etc. If You are Looking for an Excellent Investment or Owner/Occupant Building with Rent in Place, this would be worth looking at!
Location
State MS
County Rankin
Building
Sewer Aerobic Septic, Cesspool, Engineered Septic, Holding Tank, Mound Septic, Septic Needed, Shared Septic, Unknown, See Remarks
Others
Tax ID H11K000006 00010; H11K000006 00020
Acceptable Financing Cash
Listing Terms Cash
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