211 N Chrisman Ave, Cleveland, MS 38732 - Bolivar County

If you are a commercial investor looking to expand your portfolio, check out this 15,093 square foot commercial building in Bolivar County, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000 square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000 square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%. If you are interested in an income-producing commercial real estate property, give Billy Carpenter or Henry Mosco a call today.

Location:

504 N Chrisman Avenue

Cleveland, MS 38751

Bolivar County

Coordinates:

33.7464, -90.71877

Tax Information:

2024 - $11,070.84

Parcel #: 33-21-030-20-00100

Property Use:

Investment

Storage

Property Information:

0.68 Acre Lot

15,093 SqFt Commercial Building

8,000 SqFt Leased Through July 2029

7,093SqFt Storage Space

18,000 SqFt Paved Parking Area

Offices, Breakroom, Conference Room, File Room

New Roof in 2024

Remodeled in 2012