$950,000

0.68± Acres

New Listing

Bolivar County, Mississippi

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Bolivar Commercial Building

ID: 82663

Status: New Listing

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

Cleveland, Mississippi

(662) 820-2007

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Ask Billy About This Property

Co Representative(s)

Henry Mosco

Cleveland, Mississippi

(662) 719-7167

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Bolivar Commercial Building

Description

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Billy Carpenter

Ask Billy About This Property

Co Representative(s)

Henry Mosco

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