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14 N Third St - United States Post Office Bay Springs, MS 3,990 SF Specialty Building Offered at $265,000 at a 9.09% Cap Rate in Bay Springs, MS 39422
Investment Highlights
- County seat post office
- Long term lease with USPS and two additional separate spaces which can be leased to other tenants for great upside potential.
- upgrades completed in 2024 of over $54,000
Executive Summary
Bay Springs, MS Post Office for sale. Over $60,000 worth of upgrades to the building by the current owners completed in 2024. The building also consists of two separate vacant spaces that can be leases to other tenants. PO services 4 routes, 713 PO Boxes rented and 1,650 PO Boxes total. Total building interior square footage is 7,282 sq ft. USPS leases 3,990 sq ft.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$39,400
|
$9.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,400
|
$9.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,400
|
$5.61
|
| Net Operating Income |
$17,000
|
$4.26
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $39,400 |
| Annual Per SF | $9.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,400 |
| Annual Per SF | $9.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $22,400 |
| Annual Per SF | $5.61 |
| Net Operating Income | |
|---|---|
| Annual | $17,000 |
| Annual Per SF | $4.26 |
Property Facts Under Contract
| Price | $265,000 | Building Class | B |
| Price Per SF | $66.42 | Lot Size | 1.20 AC |
| Sale Type | Investment | Building Size | 3,990 SF |
| Cap Rate | 9.09% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1964/2024 |
| Property Subtype | Post Office | ||
| Zoning | C - Commercial | ||
| Price | $265,000 |
| Price Per SF | $66.42 |
| Sale Type | Investment |
| Cap Rate | 9.09% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | B |
| Lot Size | 1.20 AC |
| Building Size | 3,990 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2024 |
| Zoning | C - Commercial |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 107E-28-B -029.00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $16,177 (2025) |
Property Taxes
Parcel Number
107E-28-B -029.00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$16,177 (2025)
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14 N Third St - United States Post Office Bay Springs, MS
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