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1478 N Veterans Memorial Blvd, Tupelo

Warehouse on 4+ acres in Prime Tupelo Location

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Asking Price: $426,000
Earnest Money  Deposit: $10,000 min.

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1478 N Veterans Memorial Blvd, Tupelo, MS 38804

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Date Added
Jun 21, 2023
Days on Market
640 days
Time Since Last Update
14 days

Details

Property TypeIndustrial, Land, Mixed Use, Multifamily
SubtypeCommercial, RV Park, Warehouse
Investment TypeOwner/User
Investment Sub Typecarwash, equipment servicing, hotel, mini storage
TenancySingle
Square Footage2,500
Net Rentable (sq ft)2,500
Price/Sq Ft$170.40
Pro-Forma Cap Rate10.33%
Occupancy100%
Pro-Forma NOI$44,000
Year Built1995
Year Renovated28
Buildings1
Stories1
ZoningMixed Use Commercial
Lot Size (acres)4.1
Broker Co-OpYes
OwnershipLLC
Loading Docks2
Dock High Doors12
Ceiling Height16
Sale ConditionFor sale by owner

Marketing Description

Commercial building with 2,500 square feet on 4+ acres with road frontage to Veterans Blvd near Downtown Tupelo.​ Office space includes showroom, 2 restrooms, private offices/storage, and break area that is heated/cooled.​ The warehouse space has two 12'x12' rollup doors, and 16' ceiling.​ There is a bonus covered space on the back approximately 2,500sf on a concrete foundation.​ On 4.1 acres, there is plenty of room to add additional warehouse space or additional businesses, such as church, ministry retreat, apartments, service business, trucking business, large equipment business, mini storage, etc.​

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