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1863 Main St
Madison, MS 39110
Retail Property For Sale
EXECUTIVE SUMMARY
- Corporate Guarantee | Absolute NNN Lease (Fee Simple)
- Irreplaceable 4-Way Signalized Corner Location
- Surrounded by National Retailers | Established Trade Area
- $152,000+ Avg. Household Incomes | Affluent Jackson, MS Suburb
- Favorable Statewide Economic Trends | Income Tax Phase Out
- Irreplaceable 4-Way Signalized Corner Location
- Surrounded by National Retailers | Established Trade Area
- $152,000+ Avg. Household Incomes | Affluent Jackson, MS Suburb
- Favorable Statewide Economic Trends | Income Tax Phase Out
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,810 SF
Building Class
C
Year Built/Renovated
2003/2024
Price
$4,000,000
Price Per SF
$1,423.49
Cap Rate
5.25%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
C - Commercial
Parking
40 Spaces (14.23 Spaces per 1,000 SF Leased)
Frontage
79’ on Main St
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 072C-07A-003-01-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $136,834 |
PROPERTY TAXES
Parcel Number
072C-07A-003-01-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$136,834
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