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TBD Sallie Hardin & Old Oak Circle

PONTOTOC, MS 38863
  • $2,100,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 151312
UPDATED: 41 min ago
$2,100,000
  • 0
    BEDS
  • 6.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 31,124
    SQFT
  • $67
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2012
County:
Area:

School Ratings & Info

School District:

Description

Diverse 6.4 acre Commercial Property with Retail Strip at 100% Occupancy and Climate Control Units with Boat/RV Storage Units approximately at 70% Occupancy and increasing daily. Current Rental Income project an approx 7.77 Cap Rate, and with 100% Occupancy the Cap Rate would be approx 11.1%. By expanding storage with additional vacant acreage you could very well double/tripe the rental income, however there are many possibilities for vacant acreage as well. Retail property was built in 2012 and the Storage Properties were built in 2022. This property will look good in anyone's portfolio!

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© 2022 North Central Mississippi Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nix-Tann and Associates. Data last updated: 2022-09-27T08:55:28.967
www.nixtannoxford.com/homes/132946070
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TBD Sallie Hardin & Old Oak Circle PONTOTOC, MS 38863

  • Price: $2,100,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 41 min ago
  • MLS #: 151312
0
Beds
0
Baths
0
½ Baths
6.4
Acres
31,124
SQFT
$67
$/SQFT
2012
Built
Neighborhood:
None
County:
Pontotoc
Area:
West
School District:
Pontotoc
Property Description
Diverse 6.4 acre Commercial Property with Retail Strip at 100% Occupancy and Climate Control Units with Boat/RV Storage Units approximately at 70% Occupancy and increasing daily. Current Rental Income project an approx 7.77 Cap Rate, and with 100% Occupancy the Cap Rate would be approx 11.1%. By expanding storage with additional vacant acreage you could very well double/tripe the rental income, however there are many possibilities for vacant acreage as well. Retail property was built in 2012 and the Storage Properties were built in 2022. This property will look good in anyone's portfolio!
Exterior Features

Building Size 31124 Exterior Construction Aluminum SidingSteel FrameBrick Roofing Metal Waterfront No

Interior Features

Cooling Central Electric Features Cable Tv AvailableFreestanding SignElectric-Circuit Breaker Foundation Slab Heating CentralElectricNatural Gas Water Heater Electric

Property Features

Bank Owned No Community Pontotoc Foreclosure Not Applicable Is Property Leased YN No Number Of Parking Spaces 40 Road Frontage Yes Sewer Public Sewer Short Sale No Sq Ft Source Assessor Water Public Zoning Other

Listing provided courtesy of Matthews Real Estate: 6622343878.


© 2022 North Central Mississippi Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nix-Tann and Associates. Data last updated: 2022-09-27T08:55:28.967
 
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Nix-Tann and Associates
1005 University Ave
Oxford MS, 38655