1765 Stateline RdSouthaven, MS 38671

Property Details for 1765 Stateline Rd

Year built

1960

Property size (Sq ft)

7,150 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Southaven

County

DeSoto

State

Mississippi

Latitude

34.9915

Longitude

-90.021

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