14 N 3rd Street, Bay Springs, MS 39422

sale $280,000 | Office Bldg

Listed By CENTURY 21 Alliance

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

Age: Over 50 Years Old
Building Area: 12546.00 SF
Cap Rate Percentage: 10
Cross Docks: N
Expenses: 16956.00
For Auction: N
Gross Income: 44128.00
Level Number: 2
Location Name: Bay Springs MS
Lot Size Desc: 1-2 Acres
Lot Size In Text: 1 Acres
MLSID: 148601
Net Operating Income: 27172.00
Parking Places: 50
Price Upon Request: N
Property Use: Other Commercial
Sewer: City
Style: Office Bldg -Government
Sublease: N
Tax Year: 2025
Taxes: $4477.72
Water: City Water
Year Built: 1964
Zoning: Commercial
Zoning: Commercial