908 Cherry StVicksburg, MS 39183

Property Details for 908 Cherry St

Year built

1965

Lot size

0.12 AC

Property size (Sq ft)

1,575 SF

Property type

Office buildings

APN

094-L -19 -0010-11-0059.00

APU

094L19001011005900

Description

This 1,575 sq ft Vicksburg office building presents a remarkable opportunity for owner-users. Located just half a block from the courthouse, this Class C property boasts a 40' x 40' main building constructed of CMU, featuring a newly installed 25-year architectural shingle roof (2021). The interior has been completely renovated to accommodate modern technology needs, including Cat 5e and 6 cabling, a ZKTeco access control system, a monitored security system, and a video camera system. Additional features include a renovated storage shed with electrical supply from the main building, polished concrete flooring, a kitchenette, two restrooms (one handicap accessible), and a spacious layout encompassing a 19' x 29' conference room, three 9' x 19' private offices (configured as copy center, private office, and videoconference room), and a 9' x 16' reception area. The property also includes a server closet, wifi repeater equipment, and fiber optic cabling access. Exterior amenities include wrought iron railing around the patio, side and rear parking lots (4 spaces), and rear wheelchair accessibility. A gas generator is optionally available for purchase. The seller is willing to negotiate the sale of existing office furniture, equipment, and even the client list. This property sits on a 0.11-acre lot and is zoned commercial. This is a truly turnkey solution for a business seeking a well-equipped and conveniently located office space.

• CAP approach

  CAP return

  Valuation

  6%

  $250,032

  6.5%

  $230,799

  7%

  $214,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,142

  Geo Method

  $122,787

• Alternative Use

  Use

  Valuation

  Residential

  $286,191

  Hospitality

  $262,149

  Educational

  $218,105

  Medical

  $225,606

  Retail

  $339,275

Location Insight

City

Vicksburg

County

Warren

State

Mississippi

Latitude

32.3532

Longitude

-90.8782

CBSA code

46980

CBSA name

VICKSBURG, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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