$950,000
0.68± Acres
Available
Bolivar County, Mississippi
Save Contact Brochure (662) 820-2007 Text Me Maps

Bolivar Commercial Building

ID: 82663
Status: Available
Price: $950,000
Acres: 0.68
Type: Commercial
Address: 211 N Chrisman Ave
City, State: Cleveland, Mississippi
County: Bolivar
Zip Code: 38732
Lat/Long: 33.7465019, -90.7187347
Presented By: Billy Carpenter
Phone: (662) 820-2007
Email: Click to Contact

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%. If you are interested in an income-producing commercial real estate property, give Billy Carpenter or Henry Mosco a call today.

Location:

  • 504 N Chrisman Avenue
    Cleveland, MS 38751

  • Bolivar County

Coordinates:

  • 33.7464, -90.71877

Tax Information:

  • 2024 - $11,070.84

  • Parcel #: 33-21-030-20-00100

Property Use:

  • Investment

  • Storage

Property Information:

  • 0.68± Acre Lot

  • 15,093± SqFt Commercial Building

  • 8,000± SqFt Leased Through July 2029

  • 7,093±SqFt Storage Space

  • 18,000± SqFt Paved Parking Area

  • Offices, Breakroom, Conference Room, File Room

  • New Roof in 2024

  • Remodeled in 2012

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Billy Carpenter

Billy Carpenter

Cleveland, Mississippi

(662) 820-2007

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Co Representative(s)

Henry Mosco

Henry Mosco

Cleveland, Mississippi

(662) 719-7167

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