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$1 Auction-REIT Sale | Fmr Family Dollar Tree 1011 E School Ave 10,765 SF Retail Building Shelby, MS 38774 $65,000 ($6.04/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | AUCTION DECEMBER 15-17
- Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Hard Corner with 1,204 VPD Traffic Counts on School Ave (Hwy 32) and Near US Hwy 61 Intersection with Traffic Counts of ±6,472 VPD
- 10,765 SF Freestanding Value-Add Retail on 0.991 Acres Available at Substantial Discount Below Replacement Cost
- Surrounding Traffic Generators: Dollar General, Middle School, City Hall, Shelby Water Dept, and more
- No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 1011 School Avenue, Shelby, Bolivar County, Mississippi 38774 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,765-square-foot, single-story free-standing retail building situated on ±43,173 square feet (±0.991 acres) with a concrete surface parking lot with 32 spaces. The site is strategically positioned with ±227 feet of frontage along School Avenue (County Road 32) ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $15–$18/SF NNN. With no zoning ordinance or zoning regulations in Bolivar County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.
Shelby, Mississippi is a small town located in Bolivar County in the Mississippi?Delta region, positioned along U.S.?Highway?61 and serving as a local civic and commercial node. Surrounding traffic generators include Dollar General, Middle School, City Hall, Shelby Water Dept, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,601 residents and an average household income of ±$41,627 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
Built in 2022, the Property consists of a ±10,765-square-foot, single-story free-standing retail building situated on ±43,173 square feet (±0.991 acres) with a concrete surface parking lot with 32 spaces. The site is strategically positioned with ±227 feet of frontage along School Avenue (County Road 32) ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $15–$18/SF NNN. With no zoning ordinance or zoning regulations in Bolivar County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.
Shelby, Mississippi is a small town located in Bolivar County in the Mississippi?Delta region, positioned along U.S.?Highway?61 and serving as a local civic and commercial node. Surrounding traffic generators include Dollar General, Middle School, City Hall, Shelby Water Dept, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,601 residents and an average household income of ±$41,627 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,765 SF
Building Class
C
Year Built
2022
Price
$65,000
Price Per SF
$6.04
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.99 AC
Zoning
C-2 - Commercial
Parking
32 Spaces (2.97 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 37-06-900-00-03003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $71,313 |
PROPERTY TAXES
Parcel Number
37-06-900-00-03003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$71,313
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$1 Auction-REIT Sale | Fmr Family Dollar Tree | 1011 E School Ave
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