119 City Market DrSaltillo, MS 38866

Property Details for 119 City Market Dr

Year built

2009

Property size (Sq ft)

21,620 SF

Property type

Retail space

APN

054P-19-014-99

APU

054P1901499

Description

This exceptional commercial property, City Market Center - Saltillo, offers a diverse range of office spaces ideal for various business needs. Located in a thriving retail area, just south of the State Highway 45 and Highway 145 intersection, this property boasts high visibility and convenient access. The complex comprises two single-story buildings totaling 18,200 square feet, built in 2008 and extensively renovated in 2021, ensuring modern and efficient spaces. The property is classified as Class B and sits on a generous 3.65 acres of land. Currently, there is 1,800 square feet of vacant space available, perfect for a tenant seeking a move-in ready dark shell space. The minimum divisible space is 1,800 square feet, with a maximum contiguous space of 1,800 square feet. The property features multiple suites, offering flexibility for businesses of varying sizes. This prime location benefits from strong co-tenancy, including a grocery store, State Farm Insurance, SNAP Fitness, and several restaurants. Nearby businesses include McDonald's, AT&T Mobile, Bancorpsouth, Subway, and other established retailers, ensuring high foot traffic and a vibrant commercial environment. The property's parcel number is 054P-19-014-02, and it is located in Lee County. This is a rare opportunity to secure office space in a highly desirable and well-established commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $5,025,434

  6.5%

  $4,638,862

  7%

  $4,307,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,965,662

  Geo Method

  $10,627,337

• Alternative Use

  Use

  Valuation

  Residential

  $3,913,054

  Hospitality

  $3,584,336

  Educational

  $2,982,126

  Medical

  $3,084,686

  Retail

  $4,638,862

Location Insight

City

Saltillo

County

Lee

State

Mississippi

Latitude

34.3704

Longitude

-88.7019

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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