For Sale
$14,500,000

384 Galleria PkwyMadison, MS 39110

145,000 SF Office Building, Madison MS

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional 145,000 square foot Class B office building, located at 384 Galleria Parkway in Madison, Mississippi, presents a compelling investment opportunity. Currently 38% occupied, the property offers immediate income potential with move-in ready suites and build-to-suit options for approximately 50,000 square feet of unfinished space. The building boasts high-end finishes, three elevators, a stylish staircase, backup generators, and ample parking. Its prime location off Galleria Parkway provides excellent visibility, benefiting from high daily traffic volume on I-55 (approximately 61,000 vehicles). Situated conveniently between the Main Street Madison and Gluckstadt exits, this property offers a suburban atmosphere with minimal traffic congestion. The flexible zoning (C-1) allows for a variety of uses, including the possibility of mixed-use development or conversion into condominium spaces. The asking price is $14,500,000, and the lease type is gross, with a multi-tenant occupancy currently consisting of one tenant. The building's size ranges from 17,200 to 145,000 square feet. This is a rare opportunity to acquire a substantial office building in a thriving Mississippi market.

Highlights

  • 145,000 SF Class B office building in Madison, MS, at 384 Galleria Parkway.
  • 38% occupied, offering immediate income and build-to-suit potential for 50,000 SF.
  • Features high-end finishes, three elevators, ample parking, and backup generators.
  • Excellent visibility on Galleria Parkway, near I-55 (61,000 VPD), offering convenient access and suburban setting.
  • C-1 zoning allows for flexible use, including mixed-use or condo conversion.
  • Asking price: $14,500,000; Gross lease; currently one tenant.

Property Details for 384 Galleria Pkwy

Property type
Other office properties, Office properties
Square Feet
17,200 SF
Class
B

Location Insight

City
Madison
County
Madison
State
Mississippi
Latitude
32.488811882537
Longitude
-90.124721842892
384 Galleria Pkwy, Madison, Mississippi

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384 Galleria Pkwy
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