5403 Castlewoods Court, Flowood, MS 39232 (MLS# 1338075)
5403 Castlewoods Court, Flowood, MS 39232
$1,300,000
Property Type:
Commercial Sale
Square Footage:
15,210
Status:
Closed
Current Price:
$1,375,000
List Date:
3/16/2021
Last Modified:
11/19/2024
Overview
Description
Established Retail and office complex located just South of the Lakeland Drive and Grants Ferry Road intersection near the Ross Barnett Reservoir. The property consists of a 6,000+/- SF retail building setup for six suites, and a 9,000+/- SF two story office building situated on a 1.3+/- Acre lot. Both buildings are in good condition and have been well maintained. Great location in an established but growing area of Rankin County. Both buildings are 100% leased with an NOI of $131,000. Highlights Office / Retail Center Investment Lakeland Drive Corridor Flowood, MS 6,000+/- SF retail building 9,000+/- SF two story office building 100% leased with an NOI of $131,000 (9.55% Cap Rate)
Listing Details MLS# 1338075
General Property Information
- Approx H/C SqFt
- 15210
- SqFt Source
- Owner
- List Price/SqFt
- 90.4
- Property Sub Type
- Retail
Property Features
Business Type:
General Business; Retail
Current Use:
Retail
Location:
In Shopping Center; Strip Mall
Sewer:
Aerobic Septic; Cesspool; Engineered Septic; Holding Tank; Mound Septic; Septic Needed; Shared Septic; Unknown; See Remarks
Listing Terms:
Cash; Conventional; Other
Address and Location Information
- Street Number
- 5403
- Street Name
- Castlewoods
- Street Suffix
- Court
- County
- Rankin
- State
- MS
- Zip Code
- 39232
- Parcel Number
- H11 000057 00010
Listing Information
- Property Sub Type
- Retail
- Listing Service
- Full Service
Tax and Financial Information
- Zoning
- General Commercial
- Leasehold Y/N
- No
Status Change Info
- Contract Date/Pending Date
- 2021-03-21
- Closing Date
- 2021-06-30
- Sold Price/SqFt
- 85.47
More Information
Showing Requirements
- Showing
- Appointment Required
Location
- In Shopping Center
- Yes
- Strip Mall
- Yes
Remarks & Miscellaneous
- Public Remarks
- Established Retail and office complex located just South of the Lakeland Drive and Grants Ferry Road intersection near the Ross Barnett Reservoir. The property consists of a 6,000+/- SF retail building setup for six suites, and a 9,000+/- SF two story office building situated on a 1.3+/- Acre lot. Both buildings are in good condition and have been well maintained. Great location in an established but growing area of Rankin County. Both buildings are 100% leased with an NOI of $131,000. Highlights Office / Retail Center Investment Lakeland Drive Corridor Flowood, MS 6,000+/- SF retail building 9,000+/- SF two story office building 100% leased with an NOI of $131,000 (9.55% Cap Rate)
Current Use
- Retail
- Yes
Business Type
- General Business
- Yes
- Retail
- Yes
Sewer
- Aerobic Septic
- Yes
- Cesspool
- Yes
- Engineered Septic
- Yes
- Holding Tank
- Yes
- Mound Septic
- Yes
- Septic Needed
- Yes
- Shared Septic
- Yes
- Unknown
- Yes
- See Remarks
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Listing Office:
JDJ Realty
Listing Agent:
Jon-David Johnson
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.