For Sale
$695,000

1765 Stateline Rd Southaven, MS 38671

7,150 SF Multi-Tenant Retail/Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 7,150 square foot, single-story commercial property, located at 1765 Stateline Rd W in Southaven, Mississippi (zip code 38671), presents a compelling investment opportunity. Currently operating at 100% occupancy as a multi-tenant shopping center with storefront and traditional office spaces, this Class C property offers immediate cash flow with a Net Lease structure. Built in 1960 and extensively renovated three years ago, the building boasts a newer metal and TPO roof (installed in 2021) and a recently refreshed exterior. Tenants are responsible for their own utilities and repairs, minimizing owner maintenance. Ample parking is available with approximately 30 spaces. The property enjoys a highly visible location, just two miles from Highway 51 and five miles from Highway 55, ensuring convenient access for tenants and customers. The asking price is $695,000, translating to $97.20 per square foot. The seller is motivated and open to reasonable offers. An additional building is available for sale next door, presenting a potential expansion opportunity. This is a low-maintenance, high-return investment ideal for those seeking immediate cash flow and long-term stability.

Highlights

  • $695,000 asking price for a 7,150 SF multi-tenant retail/office property.
  • Located at 1765 Stateline Rd W, Southaven, MS 38671.
  • 100% occupied, Net Leased (NNN) investment opportunity with immediate cash flow.
  • Class C, single-story building, built in 1960, renovated 3 years ago, featuring a new roof (2021) and recent exterior paint.
  • Ample parking (approx. 30 spaces) and high visibility near major highways (Hwy 51 & 55).

Property Details for 1765 Stateline Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,150 SF
Class
C
Year Built/Renovated
1960/3
Stories
1

Location Insight

City
Southaven
County
DeSoto
State
Mississippi
Latitude
34.9915264
Longitude
-90.0209648

FAQs

What type of property is this?
Lifestyle center - 7,150 SF Multi-Tenant Retail/Office Complex
Where is the lifestyle center located?
The property is located at 1765 Stateline Rd Southaven, MS.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: $695,000 asking price for a 7,150 SF multi-tenant retail/office property.; Located at 1765 Stateline Rd W, Southaven, MS 38671.; 100% occupied, Net Leased (NNN) investment opportunity with immediate cash flow.
How can I contact the broker?
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1765 Stateline Rd
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