3300 Baldwin RdGreenwood, MS 38930

This Greenwood, Mississippi industrial property presents a compelling value-add investment opportunity. The 31,000-square-foot building, constructed in 2000 and renovated in 2020, sits on a 2.2-acre lot and is zoned for industrial use. Currently operating at 25% occupancy with a lease expiration date of July 25, 2024, the property offers significant upside potential. Key features include approximately 5,100 square feet of cold storage space (including 2,000 square feet of freezer space), two dock-high doors with double enclosed and elevated truck docks, and a 16-foot ceiling height. The building also boasts a reception area, seven office spaces, a break room with kitchen and vending area, and an additional 7,500 square feet currently leased as warehouse space to a regional tenant. This space provides immediate income potential for the new owner, who can choose to maintain the existing lease or pursue alternative uses. The property's strategic location and modern refrigeration equipment (less than five years old) make it ideal for a variety of businesses, particularly those in the food service or distribution industries seeking regional cold storage solutions. The asking price is $1,995,000, translating to $64.35 per square foot. This represents a strong value in the current market, given the property's size, features, and location. The net lease structure offers further investment advantages.