4000 Frontage RdVicksburg, MS 39180

Property Details for 4000 Frontage Rd

Year built

1994

Lot size

10.16 AC

Property size (Sq ft)

97,882 SF

Property type

Retail properties

Property subtype

Strip malls

APN

095-7 -22 -0120- -0025.00

APU

957220120002500

Description

Vicksburg Commons, a 95,304 square foot retail center in Vicksburg, MS, presents a compelling investment opportunity. This single-story, 23-unit shopping center, built in 1995, sits on a 9.41-acre lot at 4000 S Frontage Rd, 39180. Currently boasting a 72.86% occupancy rate, the property offers immediate income potential with 25,870 square feet of vacant space available for lease. Five spaces are currently available, ranging from 1,500 to 8,510 square feet, providing flexibility for various retail tenants. The center benefits from a strong tenant mix of local and national service-oriented businesses, attracting a consistent customer base. Its strategic location near I-20 and US-80 ensures high visibility and accessibility, further enhanced by its proximity to major hotels, businesses, and cultural attractions. This prime location drives significant cross-traffic and consistent consumer demand, contributing to the property's stable cash flow and substantial growth potential through future leasing and market-rate adjustments. The property's single-building design simplifies management and maintenance, making it an attractive option for investors seeking a well-positioned, income-generating retail asset in a thriving Mississippi market.

• CAP approach

  CAP return

  Valuation

  6%

  $22,839,614

  6.5%

  $21,082,720

  7%

  $19,576,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,815,644

  Geo Method

  $19,229,820

• Alternative Use

  Use

  Valuation

  Residential

  $17,784,064

  Hospitality

  $16,290,107

  Educational

  $13,553,177

  Medical

  $14,019,292

  Retail

  $21,082,720

Location Insight

City

Vicksburg

County

Warren

State

Mississippi

Latitude

32.3405

Longitude

-90.841

CBSA code

46980

CBSA name

VICKSBURG, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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