706 Highway 12Starkville, MS 39759

Property Details for 706 Highway 12

Year built

1996

Property size (Sq ft)

6,940 SF

Property type

Office properties

Property subtype

Office buildings

APN

17336

APU

17336

Description

This 1,300 square foot retail space in Starkville, MS, offers a rare opportunity for immediate occupancy. Located at 706 Highway 12 West, Unit D, this single-tenant property boasts a highly desirable location directly across from a new Aldi, Marshalls, Ulta, and PetSmart, ensuring high visibility and foot traffic. Built in 1996, the space features an open layout ideal for various retail businesses, along with a convenient breakroom and restroom. The property is zoned C-Commercial and situated in Oktibbeha County. A significant advantage is the remaining lease term, offering approximately 2.5 years at a favorable rental rate. The current lease stipulates a monthly rent of $1,800 until May 2025, increasing to $1,900 for the following year and $2,000 for the final year. The property benefits from excellent visibility due to its location on Highway 12 at a signalized entrance, resulting in a fantastic traffic count. The surrounding tenant mix includes an eye clinic, financial advisory firm, nail salon, and hair salon, creating a strong and complementary business environment. This presents a unique chance to establish or relocate your business in a thriving commercial area at an attractive price point. Schedule a viewing today to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,163,311

  6.5%

  $1,073,826

  7%

  $997,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,157

  Geo Method

  $1,353,716

• Alternative Use

  Use

  Valuation

  Residential

  $1,331,544

  Hospitality

  $1,219,687

  Educational

  $1,014,765

  Medical

  $1,049,665

  Retail

  $1,578,524

Location Insight

City

Starkville

County

Oktibbeha

State

Mississippi

Latitude

33.4506

Longitude

-88.8378

CBSA code

44260

CBSA name

STARKVILLE, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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