1527 University Ave Oxford
High-Visibility Corner Asset | 100% Occupied | Income + Redevelopment Potential
Marketing description
Rare opportunity to acquire a trophy hard-corner retail asset in the absolute path of growth in Oxford, MS. Positioned on University Avenue—one of the city’s highest traffic corridors—this ±7,750 SF strip center sits just 0.5 miles from the Square and 1 mile from Ole Miss, delivering unmatched visibility and consistent consumer traffic. The property is 100% leased and generates $209K+ in current NOI, providing immediate, stable cash flow from a strong mix of service-oriented tenants.
This is a true value-add investment with clear upside: below-market rents, built-in escalations, and near-term lease rollover create a mark-to-market opportunity to significantly increase income. One tenant is currently month-to-month, allowing for immediate repositioning or lease-up at higher rates. Recent exterior renovations reduce capital risk while enhancing curb appeal and tenant retention.
Oxford continues to see explosive growth driven by the University of Mississippi, making this a high-demand retail corridor with long-term appreciation potential. Additionally, the ±0.53-acre site offers compelling redevelopment optionality, providing investors a rare combination of day-one yield and long-term upside.
Investment highlights
Premier Hard Corner Location – Positioned at the signalized intersection of University Ave & South 16th St, one of Oxford’s most trafficked corridors, just 0.5 miles from the Square and ~1 mile to Ole Miss
100% Occupied Retail Strip – Fully leased asset with a diverse mix of service-oriented tenants providing stable, in-place cash flow
Strong In-Place Income – Current annual rental income of approximately $209,719 with additional upside through rent growth and lease restructuring
Built-In Rental Upside – Existing rent escalations, below-market leases, and ability to convert select tenants to true NNN structure
Value-Add Opportunity – Near-term lease rollover and month-to-month tenant create opportunity to increase rents and improve overall tenancy
Recently Renovated Asset – Property has undergone exterior modernization and tenant mix upgrades, reducing near-term capital needs
High-Growth Market Fundamentals – Oxford continues to experience strong population growth and university-driven demand, supporting long-term retail performance
Proximity to Major Demand Drivers – Located near the University of Mississippi, downtown Oxford Square, and Highway 7, capturing student, local, and visitor traffic
Redevelopment Optionality – Zoned for flexible uses with potential for future mixed-use or higher-density redevelopment on a ±0.53-acre site
Attractive Small-Shop Format – Highly leasable suite sizes (±625–2,500 SF) appeal to local and regional tenants, supporting long-term occupancy
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
