1012 Madison AveMadison, MS 39110

Property Details for 1012 Madison Ave

Year built

1991

Lot size

0.85 AC

Property size (Sq ft)

7,139 SF

Property type

Day care centers & nurseries

APN

072C-08D-007/02

APU

072C08D00702

Description

This exceptional Class A medical office building, located at 1012 Madison Avenue in Madison, Mississippi, presents a unique leasing opportunity. Built in 1995 and extensively renovated in 2020, the property boasts 6,565 square feet of total space within a single-story building situated on a generous 1.1-acre lot. The building is zoned commercial and features ample parking with 35 spaces available for tenants and visitors. Currently, 1,000 square feet of space is immediately available, divisible into units as small as 400 square feet, with a maximum contiguous space of 1,000 square feet. The property is ideal for a variety of medical practices or related businesses, given its existing infrastructure and recent upgrades. Utilities include electric power. The property's location in Madison, MS, zip code 39110, offers excellent accessibility and visibility. The property's APN is 072C-08D-007/02.00. This is a multi-tenant building offering a flexible and adaptable space for businesses seeking a modern and well-maintained office environment. The building's high-quality construction and recent renovations ensure a comfortable and efficient workspace. Don't miss this chance to secure your ideal medical office space in a thriving Mississippi community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,473

  6.5%

  $928,129

  7%

  $861,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $626,255

  Geo Method

  $1,601,413

• Alternative Use

  Use

  Valuation

  Residential

  $1,177,370

  Hospitality

  $1,078,465

  Educational

  $897,270

  Medical

  $928,129

  Retail

  $1,395,754

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.458

Longitude

-90.1101

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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