14 N 3rd St., Bay Springs, Mississippi, 39422
6 ba
#148601
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.
PROPERTY FEATURES
- Road Frontage Type : City Street
- Zoning Description : Commercial
- Construction Materials: Brick
PROPERTY DETAILS
ID: 148601
Status: Active
Price: $280,000
Type: Other
Address: 14 N 3rd St.
City, State: Bay Springs, Mississippi
County: Jasper
Zip Code: 39422
Lat/Long: 31.97943, -89.286499
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