MS > Cleveland
Cleveland, MS 38732,504 N Chrisman Avenue
Cleveland, MS 38732,504 N Chrisman Avenue
Cleveland, MS 38732,504 N Chrisman Avenue
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April Smith

April Smith

+1(601) 259-8485
$950,000
Est. payment /mo
15,093 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 15,093 sqft

Price per Sqft $62

MLS Listing ID 4102320

Originating Board MLS United

Year Built 1974

Annual Tax Amount $11,071

Lot Size 0.640 Acres

Acres 0.64

Property Sub-Type Office

Property Description

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%.

Location

State MS

County Bolivar

Direction Directions from the intersection of Hwy 8 & 61: Head west on Hwy 8 for .2 miles and turn left onto North Chrisman Avenue. The building will be on the right behind Renasant Bank.

Interior

Heating Central

Cooling Central Air

Flooring Tile

Window Features Tinted Windows

Exterior

Parking Features Asphalt/Blacktop

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected

Garage No

Building

Lot Description City Lot, Level

Sewer Public Sewer

Water Public

Level or Stories One and One Half

New Construction No

Others

Tax ID 33-21-030-20-00100

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MLS United(Mississippi)
Information is deemed to be reliable but not guaranteed. Copyright © 2025 MLS United, LLC.
Listed by Smalltown Hunting Properties &

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April Smith

+1(601) 259-8485

Broker Associate | B-24409

Broker Associate B-24409

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