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Nettleton Corner Building 218 Main St 2,137 SF 100% Leased Office Building Nettleton, MS 38858 $160,000 ($74.87/SF)



Investment Highlights
- Highly visible corner location
- Owner could use part and rent out part
- Lots of natural light from tall windows
Executive Summary
Two story brick building in downtown Nettleton (Lee County, MS); Corner of busy Main Street (Hwy 6) and Young Avenue; constructed of 12" bricks in 1904 with the roof replaced in 2023 after a remodel done in 2022; originally, it was a bank, but it has been a public service commissioner's office, a tax office, and a real estate office in past years; it has 10' ceilings downstairs and upstairs; the downstairs contains 1187+/- square feet including the staircase to the second floor; it contains two offices plus a receptionist office and lobby with lots of tall windows and 4 ceiling fans, there is a large safe that serves as a storm room; it has an attractive wood front door with blue canvas awnings; the upstairs is a loft apartment with 1 bedroom, 1 bathroom, a kitchen, and a den with a ceiling fan; the flooring is hardwood and carpet with sheet rock on the walls; there is a 40 gallon 2021 model hot water heater, and there are two 2016 or earlier model air conditioner units serving the building; the downstairs office space previously rented for $900 per month and could rent for $1200 per month; the upstairs apartment recently rented for $800 per month and could rent for $1100 per month
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,137 SF
Building Class
C
Year Built/Renovated
1904/2022
Price
$160,000
Price Per SF
$74.87
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,069 SF
Slab To Slab
10’
Building FAR
1.23
Lot Size
0.04 AC
Zoning
Mixed Use - Retail or office downstairs with residential apartment upstairs
Parking
5 Spaces (2.34 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 147G-25-075-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,526 |
Property Taxes
Parcel Number
147G-25-075-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,526
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Nettleton Corner Building | 218 Main St
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