For Sale
$1,395,000

118 Homestead DrMadison, MS 39110

Madison, MS Office Building - 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional investment opportunity presents a fully leased, 9,000-square-foot Class B office building situated on a 1.3-acre lot in Madison, Mississippi's Homestead Office Park. Built in 2008, this two-story building boasts a prime location with convenient access to Madison, Ridgeland, and Gluckstadt via Highway 51. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $90,600, resulting in a compelling 6.88% capitalization rate. The asking price is $1,395,000. The building features ample parking with 34 spaces. The first floor comprises three suites with a large common foyer and seating area. The second floor is currently vacant, offering flexibility for future tenants or expansion. The property is well-maintained and attractively landscaped, with a partially wooded rear area. This multi-tenant office building presents a fantastic opportunity for investors seeking a stable, high-performing asset, owner-users looking to expand, or a combination of both. The property's Net Lease (NNN) structure further enhances its investment appeal. The parcel number is 072B-04C-002/05.00. This is a rare opportunity to acquire a well-positioned, high-performing commercial property in a thriving Mississippi market.

Highlights

  • 9,000 SF multi-tenant office building.
  • Located in Homestead Office Park, Madison.
  • 2008 construction.
  • 1.3-acre lot with 34 parking spaces.
  • Ideal for investment, owner-occupancy, or a combination thereof.

Property Details for 118 Homestead Dr

Property type
Other office properties, Office space
Square Feet
9,000 SF
Class
B
Year Built
2008
Stories
2
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Madison
County
Madison
State
Mississippi
Latitude
32.4735269
Longitude
-90.1043616
118 Homestead Dr, Madison, Mississippi

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118 Homestead Dr
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