118 Homestead Drive, B, Madison, MS 39110 (MLS# 4085349)
118 Homestead Drive, B, Madison, MS 39110
$1,225,000
Property Type:
Commercial Sale
Square Footage:
8,800
Lot Size (sq. ft.):
56,628
Status:
Closed
Current Price:
$1,395,000
List Date:
5/06/2025
Last Modified:
9/10/2025
Description
+/- 9,000 SF multi-tenant office building located in Homestead Office Park within the city of Madison. Very convenient location with easy access to Madison, Ridgeland and Gluckstadt via Hwy51. The building is in very good condition, constructed new in 2008 and is situated on two lots (1.3 acres). The first floor has a large common foyer with seating area and is currently divided into 3 suites. The second floor is currently unoccupied. It is one suite at +/- 4,500 sf but could be divided into multiple suites. There are 34 parking spaces up front, the rear of the lot is partially wooded and is nicely landscaped. Great investment property, owner user or combination.
More Information MLS# 4085349
Address and Location Information
Lot #: 4
Nearest Cross Street: Hwy 51
Parcel Number: 072b-04c-002-05-00
Directions to Property: From Madison head North on Hwy 51. Homestead is on the right past Hoy Road. The property is at the end of the cul-de-sac on the left.
Community Of: N/A
Street Number: 118
Street Name: Homestead
Street Suffix: Drive
County: Madison
State: MS
Zip Code: 39110
Unit #: B
Subdivision: Homestead Office Park
Location
City: 1
Office Building: 1
Office Park: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2024-07-12
List Price: $1,395,000
Current Price: $1,225,000
Property Sub Type: Office
General Property Information
Property Sub Type: Office
New Construction: No
Approx Lot Size Acres: 1.3
SqFt Source: Plans
List Price/SqFt: 158.52
Year Built Source: Owner
Total Floors: 2
Accessibility Features: Yes
Approx H/C SqFt: 8800
Year Built: 2008
Tax and Financial Information
Tax Annual Amount: 2284
Tax Year: 2023
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: LOT 4 HOMESTEAD OFFICE PARK
Remarks & Miscellaneous
Public Remarks: +/- 9,000 SF multi-tenant office building located in Homestead Office Park within the city of Madison. Very convenient location with easy access to Madison, Ridgeland and Gluckstadt via Hwy51. The building is in very good condition, constructed new in 2008 and is situated on two lots (1.3 acres). The first floor has a large common foyer with seating area and is currently divided into 3 suites. The second floor is currently unoccupied. It is one suite at +/- 4,500 sf but could be divided into multiple suites. There are 34 parking spaces up front, the rear of the lot is partially wooded and is nicely landscaped. Great investment property, owner user or combination.
Status Change Info
Sold Price/SqFt: 139.2
Contract Date/Pending Date: 2025-07-01
Closing Date: 2025-09-08
Current Use
Investment: 1
Office: 1
Levels
Two: 1
Showing Requirements
Showing: Appointment Required
Square Footage Description
Ofc. Bldg 5000-10000 SF: 1
Auction
Auction: No
Basement Features
Basement: No
Approx Age Code
Under 25 Years: 1
Parking Spaces
# Parking Spaces Uncovered: 34
Uncovered Parking?
26-50 Spaces: 1
Property Features
Current Use: Investment; Office
Location: Office Building; Office Park
Levels: Two
Square Footage Description: Ofc. Bldg 5000-10000 SF
Approx Age Code: Under 25 Years
Listing Office:
JDJ Realty
Listing Agent:
Kim Bobbitt
Last Updated: September - 10 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.