1300 & 1280 Jasper Neely Jr. Drive, Grenada, MS 38901 - Grenada County

For Sale- An existing, multi-tenant retail strip center and two-tenant office building located near a busy intersection in Grenada, MS. The two buildings combined contain 14,630 square feet of net rentable area. More specifically, the multi-tenant retail strip center contains 12,528 square feet of net rental area and the two-tenant office building contains 2,102 square feet of net rentable area. The multi-tenant retail strip center was constructed in 1987. The two-tenant office building was constructed in 1981. Both improvements are considered to be in average/fair condition. The multi-tenant retail strip center contains eleven (11) units, identified as Suites A through K, and the two-tenant office building contains two (2) units, identified as Suite A and Suite B. The subject improvements are occupied by third-party tenants that pay on a month-to-month basis. The subject site is 2.13 acres, or 92,852 square feet, based on the provided survey dated 05/12/1998. The majority of the immediate area is zoned I-1 (Light Industrial District), B-1 (Neighborhood Commercial District), R-1 (Low Density Residential District), R-3 (High Density Residential District), and B-2 (General Commercial District), similar to the subject. The local area has a low vacancy rate with stabilized rental rates that are slightly increasing. *Information contained on financials were from a previous appraisal and should only used for an approximation of expenses and rental income.

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