1896 Main StMadison, MS 39110

Property Details for 1896 Main St

Year built

2004

Lot size

1.32 AC

Property size (Sq ft)

11,924 SF

Property type

Office properties

Property subtype

Other office properties

APN

072C-07A-009/02.05

APU

072C07A0090205

Description

This single-tenant medical office building, totaling 2,500 square feet, is available for lease. Located at 1896 Main Street in Madison, Mississippi (zip code 39110), this property offers convenient access to major roadways including I-55, Highland Colony Parkway, and US-51, and is just minutes from downtown Madison. Built in 2005, the one-story building sits on a 1.33-acre lot and is zoned C-3. The space is fully built-out and ready for immediate occupancy, making it ideal for a medical practice seeking a turnkey solution. The property features a single building with convenient access and ample parking. This prime location and functional layout present a unique opportunity for medical professionals seeking a well-established space in a thriving community. The property's convenient access to major transportation routes ensures easy commutes for both patients and staff. The existing build-out eliminates the need for extensive renovations, allowing for a quick and efficient move-in process.

• CAP approach

  CAP return

  Valuation

  6%

  $1,718,059

  6.5%

  $1,585,901

  7%

  $1,472,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $909,573

  Geo Method

  $2,325,896

• Alternative Use

  Use

  Valuation

  Residential

  $1,966,517

  Hospitality

  $1,801,319

  Educational

  $1,498,676

  Medical

  $1,550,218

  Retail

  $2,331,274

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.4688

Longitude

-90.1292

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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