$1,880,000
Columbus, MS 39701
MLS# 23-1164
40768 sqft
1 / 9
Property Description
Beautiful, well maintained building in the historic downtown Columbus area. Occupying nearly a city block, this property represents a unique purchase-leaseback investment opportunity. Regions Bank will remain in the building occupying the first floor of 10,745 sq ft. The bank would be under a 10 year lease with an additional three, 5 year renewable options. That would be an 8% CAP rate for that sq footage. This leaves 30,000 sq ft(+/-) to be occupied or leased plus a basement for storage. Building has two elevators one on the east side the other on the west side of the building. 153 parking spaces. Roof is 12 years old, part shingled, part flat with no past issues or major repairs. Building has basement that is not included in the square footage.
Details
Contract Information
Current Price: $1,880,000
Begin Date: 2023-06-27
Status: Active
List Price: $1,880,000
Co-op Broker: 2
Co-op Broker Type: %
General Property Description
Total SqFt.: 40768
Lot Dimensions: 2.42 Acres(+/-)
Handicap Access: Yes
Location, Tax and Other Information
Book Section: Commercial
Realtor.COM Type: Commercial
Area: 01 - South Columbus
House Number: 710
Street Name: Main St
State/Province: MS
Postal Code: 39701
County: Lowndes
Taxes: 60909
Tax Year: 2022
Subdivision: None
Flood Zone: No
Parcel Number: 61W460000100/300/400
Miscellaneous
Elevator: Two
Property Features
Business Type: Financial
Heat: Other
Air: Central Air; Electric
Listing Office: RHETT REAL ESTATE,INC.
Last Updated: April - 22 - 2024
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