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2889 S Lamar Blvd 27,190 SF 61% Leased Flex Building Oxford, MS 38655 $7,115,520 CAD ($261.70 CAD/SF) 6.89% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Development Opportunity
  • Ample Parking
  • Flexible Zoning
  • Direct Access to South Lamar Blvd.

EXECUTIVE SUMMARY

This prime commercial property in Oxford, MS, offers an exceptional investment opportunity. Located just 2 miles from Oxford Square and the University of Mississippi, it boasts 3.77 acres with 27,190 square feet of building space. Approximately 80% of the property is leased, providing immediate cash flow. The recent remodel ensures modern facilities, enhancing its appeal. With high density zoning, the property supports a variety of uses, including multi-family, attached single-family, commercial, and office spaces. Its direct access to South Lamar Blvd offers excellent visibility and accessibility. The existing leases generate steady income, allowing for redevelopment of the remaining space. This property’s strategic location near downtown and the university, combined with its development potential, makes it a valuable asset. Contact Joel at 601-942-0132 today to explore this remarkable opportunity.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $7,115,520 CAD
Price Per SF $261.70 CAD
Sale Type Investment or Owner User
Cap Rate 6.89%
Sale Condition Redevelopment Project
Property Type
Flex
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Building Class B
Lot Size 3.77 AC
Rentable Building Area 27,190 SF
No. Stories 1
Year Built/Renovated 1985/2022
Parking Ratio 2.57/1,000 SF
Zoning SCO - Suburban Corridor

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 4,175 SF
  • Office/Medical
  • Full Build-Out
  • Now

Fully renovated and ready for immediate occupancy, this 4,175 SF office space at 2889 South Lamar Blvd offers a professional and modern setting in one of Oxford’s most accessible locations. The building features a flexible layout ideal for medical, legal, or general office use, with updated finishes throughout, multiple private offices, conference space, and ample on-site parking. Positioned just minutes from Highway 6 and the University of Mississippi, this high-visibility location combines convenience with turnkey quality—perfect for any growing business.

Space Size Space Use Condition Available
1st Floor 4,175 SF Office/Medical Full Build-Out Now

1st Floor

Size
4,175 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Floor

Size 4,175 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Fully renovated and ready for immediate occupancy, this 4,175 SF office space at 2889 South Lamar Blvd offers a professional and modern setting in one of Oxford’s most accessible locations. The building features a flexible layout ideal for medical, legal, or general office use, with updated finishes throughout, multiple private offices, conference space, and ample on-site parking. Positioned just minutes from Highway 6 and the University of Mississippi, this high-visibility location combines convenience with turnkey quality—perfect for any growing business.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
182D-04-001.00
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$284,147 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
  • Listing ID: 31869819

  • Date on Market: 2024-05-20

  • Last Updated:

  • Address: 2889 S Lamar Blvd, Oxford, MS 38655

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