$950,000
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504 N Chrisman Avenue Cleveland, MS 38732
Office
Residence
Beds
Baths
...
Bed/Bath
15,093
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
IF YOU ARE A COMMERCIAL INVESTOR LOOKING TO EXPAND YOUR PORTFOLIO, CHECK OUT THIS 15,093+/- SQUARE FOOT COMMERCIAL BUILDING IN BOLIVAR COUNTY, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease... was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000+/- square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000+/- square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%.
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MLS#
4102320
Property Type
Office
Year Built
1974
Square Feet
15,093
sq. ft
Lot Size
0.64
Stories
1.5
Sewer
Public Sewer
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