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14 N Third St 3,990 SF Specialty Building Offered at $280,000 at a 10% Cap Rate in Bay Springs, MS 39422



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 | Building Class | B |
| Price Per SF | $70.18 | Lot Size | 1.42 AC |
| Sale Type | Investment | Building Size | 3,990 SF |
| Cap Rate | 10% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1964/2024 |
| Property Subtype | Post Office | ||
| Zoning | C - Commercial | ||
| 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
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Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 107E-28-B -029.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,177 |
Property Taxes
Parcel Number
107E-28-B -029.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,177
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14 N Third St
