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Executive Summary

Excellent Investment Opportunity - 10% CAP Rate with Significant Upside Potential! Outstanding opportunity to acquire an income-producing property currently operating as a United States Post Office. The U.S. Postal Service has approximately 10 years remaining on its current lease, with an option to renew, providing an established long-term tenant and attractive income stream. Even more compelling, the property is currently generating an approximately 10% CAP rate while only about 50% of the building is leased. The remaining space offers significant upside potential through additional leasing or could provide an excellent opportunity for an owner/user needing additional commercial space. With a long-term USPS lease already in place, a strong current return, and approximately half of the building still available to generate additional income, this property offers an attractive combination of current cash flow, long-term tenancy, and future growth potential.

Property Facts

Price $280,000
Price Per SF $70.18
Sale Type Investment
Cap Rate 10%
Property Type Specialty
Property Subtype Post Office
Building Class B
Lot Size 1.42 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
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
107E-28-B -029.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,177
  • Listing ID: 42082425

  • Date on Market: 9/8/2026

  • Last Updated:

  • Address: 14 N Third St, Bay Springs, MS 39422

Contact the Sale Advisor

14 N Third St

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