123 Grandview BlvdMadison, MS 39110

Property Details for 123 Grandview Blvd

Year built

2005

Lot size

5.97 AC

Property size (Sq ft)

43,139 SF

Property type

Super regional malls

APN

072C-07B-004/02.02

APU

072C07B0040202

Description

This exceptional retail space, totaling 4,250 square feet, is situated within The Boulevard Shoppes, a thriving Walmart-anchored shopping center in Madison, MS. Built in 2005 and renovated in 2021, this single-story, 41,000 square foot building boasts 12 suites and sits on a 6-acre lot at the high-traffic intersection of Main Street and Grandview Boulevard, conveniently located off Interstate 55. The space, previously a fitness center, offers flexible layout options, including several large rooms and two restrooms with showers, easily adaptable for various retail uses. The property benefits from strong co-tenancy with national retailers such as Walmart, Cato, Shoe Show, Dollar Tree, Sally Beauty, and GameStop, as well as a variety of successful local businesses including restaurants and service providers. The minimum divisible space is 1,500 square feet, with a maximum contiguous space of 4,250 square feet, making it ideal for a range of retail concepts. The property is zoned commercial and located in a rapidly growing and affluent area of Madison, Mississippi. This prime location and established center offer an unparalleled opportunity for businesses seeking high visibility and strong foot traffic. The property's recent renovation ensures modern amenities and a move-in ready condition.

• CAP approach

  CAP return

  Valuation

  6%

  $9,137,000

  6.5%

  $8,434,154

  7%

  $7,831,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,292,516

  Geo Method

  $21,205,028

• Alternative Use

  Use

  Valuation

  Residential

  $7,114,524

  Hospitality

  $6,516,866

  Educational

  $5,421,956

  Medical

  $5,608,426

  Retail

  $8,434,154

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.4682

Longitude

-90.1332

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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