For Sale
$1,200,000

1570 Jerry Clower BlvdYazoo City, MS 39194

64,791 SF Retail Center, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional value-add investment opportunity presents a 64,791 square foot retail shopping center situated on a 4.6-acre lot at 1570-1575 Jerry Clower Blvd in Yazoo City, Mississippi, zip code 39194. The property, built in 1993, features a single story building with C-3 zoning. Currently at 47% occupancy, this multi-tenant shopping center offers significant upside potential. The center benefits from a prime location at the northwest quadrant of Jerry Clower Boulevard (Highway 49) and Fifteenth Street, surrounded by a thriving retail environment including numerous fast-food restaurants and other neighborhood businesses. While previously nearly 100% occupied, recent tenant turnover (including Dirt Cheap and a bingo hall) presents a chance for repositioning and redevelopment. The property includes an additional 1,890 square foot outparcel restaurant building and two ground leases. Available spaces range from 1,200 to 30,000 square feet, with lease rates between $3.00 and $5.00 per square foot on a modified gross lease basis. The asking price for this significant retail investment is $1,200,000. This is an ideal opportunity for investors seeking to capitalize on high-demand retail space in a growing area. The APN is 3-278B-27-012.00.

Highlights

  • 64,791 SF retail shopping center on a 4.6-acre lot in Yazoo City, MS.
  • 47% occupied, offering significant value-add potential.
  • Prime location at Hwy 49 & Fifteenth St, surrounded by strong retail competition.
  • Features a 1,890 SF outparcel building and two ground leases.
  • Asking price: $1,200,000.

Property Details for 1570 Jerry Clower Blvd

Property type
Lifestyle centers, Power centers
Square Feet
64,791 SF
Year Built
1993
Stories
1
Lot Size (sq. ft)
200,376 SF

Location Insight

City
Yazoo City
County
Yazoo
State
Mississippi
Latitude
32.865317008301
Longitude
-90.394224711335
1570 Jerry Clower Blvd, Yazoo City, Mississippi

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1570 Jerry Clower Blvd
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