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Investment Highlights

  • Rare property type in central MS market
  • Property is located on .89 acres
  • Three grade level roll-up doors
  • Excellent visibility from US 49
  • High clear height in warehouse

Executive Summary

Extremely well located small office warehouse with Highway 49 frontage in arguably the most desirable industrial corridor within the Jackson MSA. This location offers immediate access and visibility from 49 to service the central Mississippi market with a strategic location in proximity of the most prominent intersection within the state of Mississippi (I-20/I-55/US-49) along with visibility to approximately 50,000 vehicles per day.
An exceptional and rare opportunity to purchase a small office warehouse on a large lot with Highway 49 frontage which was recently net leased to a national credit tenant. The property features a reception, office, kitchenette, restroom, and large mezzanine heated and cooled conference or storage room. The warehouse features two 12X16 and one 12x18 grade level roll up doors with custom-built high ceilings for stackable storage and/or equipment. The combination of small warehouse with close to an acre of land represents a very rare and desirable product in the central Mississippi market. Don't miss out on this excellent investment opportunity.

Property Facts

Price $532,245 CAD
Price Per SF $212.90 CAD
Sale Type Investment
Cap Rate 9.01%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • FlexLight Distribution
Building Class B
Lot Size 0.90 AC
Rentable Building Area 2,500 SF
No. Stories 2
Year Built 2010
Tenancy Single
Parking Ratio 0.8/1,000 SF
Clear Ceiling Height 18’
No. Drive In / Grade-Level Doors 3
Opportunity Zone Yes
Zoning Industrial - IND-Industrial

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Redirect
  • Retailer
  • 2,500 SF
  • -
  • Single Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Redirect Retailer 2,500 SF - Single Net -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
D07F-000040-00030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$39,603 CAD
  • Listing ID: 33363059

  • Date on Market: 2024-10-01

  • Last Updated:

  • Address: 625 US Hwy 49, Richland, MS 39218

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