About This Home
This 0-bedroom, 6-bathroom commercial at 14 N 3rd St in Bay Springs, MS is listed for $280,000. on a N/A lot.
Property Details
Excellent Investment Opportunity - 10% CAP Rate with Significant Upside Potential! Outstanding opportunity to acquire an income-producing property currently operating as a United States Post Office. The U.S. Postal Service has approximately 10 years remaining on its current lease, with an option to renew, providing an established long-term tenant and attractive income stream.
Even more compelling, the property is currently generating an approximately 10% CAP rate while only about 50% of the building is leased. The remaining space offers significant upside potential through additional leasing or could provide an excellent opportunity for an owner/user needing additional commercial space.
With a long-term USPS lease already in place, a strong current return, and approximately half of the building still available to generate additional income, this property offers an attractive combination of current cash flow, long-term tenancy, and future growth potential.
Monthly Cost Estimate
$1,497/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14 N 3rd St
Bay Springs, MS 39422
Property Details
Construction
Questions & Answers
This 0-bedroom, 6-bathroom commercial at 14 N 3rd St is listed at $280,000. The estimated monthly payment is $1,498 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
This property is listed by JEFF PALMER and can be reached at (601) 255-5131.