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23729538
23729537

1421 Highway 125 S, Amory, MS 38821

ColdWell Banker Southern Real Estate
Listed by ColdWell Banker Southern Real Estate
$2,990,000
369 days on market
Updated 150 days ago

Southern Tooling Business

Details
Property Type Industrial
Sub Type Manufacturing, R&D
Square Footage 10,058
NOI $434,269
Pro-Forma NOI $468,506
Broker Co-Op Yes
Year Built 2000 & 2012
Buildings 2
Stories 1
Acreage 2.000
Zoning Industrial/Manufacturing M-2
Investment Type Owner/User
Occupancy Date 08/01/2025
Ceiling Height 20 foot eave heights
Sale Condition For sale by owner

Industrial | 10,058 SF

Marketing description

Prime opportunity to acquire a thirty-two year old Southern tooling business with a strong 3 year average of $468,506 of net income. Serves over 15 clients in a fifty mile radius. Property includes two industrial buildings of 5058+/- and 5000+/- square feet each built in 2000 and 2012 on land parcel of 2.0 acres. The buildings are constructed clear-span of pre-fab metal with 20 foot eave heights and pre-fab metal roof with skylights. The buildings are 50+/- feet wide and 100+/- feet long with two large drive-in doors 16’ tall x 12’ wide. Both buildings have 8’ tall metal sheets on the interior walls, have three phase electrical power, and have roof gutters and downspouts. There is also a concrete storm shelter built in 2019. The older building contains offices, air conditioning, and mostly LED lights. It has two restrooms, one with a shower, and a kitchen with a refrigerator and a stove. It also has a 12’ x 12’ drive-in door. The newer building has metal halide lights, and is stubbed out for 4 toilets and for air-conditioning.

There is gravel parking around each building. The property is 232 feet wide and 375.8 feet long with 607 feet of street frontage. The property taxes for 2024 were $4,218.95. There is an adjacent vacant lot of 0.87+/- acres that is negotiable with the package sale. It has 164.2 feet of street frontage and is 232 feet deep. The property taxes on it for 2024 were $171.67. The furniture and wall decorations inside the building are included in the building and land price of $399,000. There are over 200 pieces of equipment plus innumerable drill bits, chucks, clamps, cutters, dies, hand tools, etc. priced at $935,000. The CNC and Manual Machine Shop/Welding/Fabrication business itself, including inventory, but not the present accounts recievables, is offered for sale at $1,656,000 (in conjunction with the land and buildings and the furniture and equipment for a total of $2,990,000).

Investment highlights

Strong three year average of $468,506 net operating income.

Owner is retiring but is willing to provide training.

Tax returns and other business details including clients available after non-disclosure & non-compete agreements signed.

Listing Contacts

ColdWell Banker Southern Real Estate
Listed by ColdWell Banker Southern Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$434,269.00
$36,189.08/mo

Valuation Metrics

0
DSCR
14.52%
Cap Rate
14.52%
ROI

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