1613 S Adams St, Fulton, MS, 38843

1613 S Adams St Fulton, MS 38843

1613 S Adams St, Fulton, MS, 38843
1613 S Adams St, Fulton, MS, 38843 1613 S Adams St, Fulton, MS, 38843
FOR SALE
Property Type:
Street Retail
Amount:
$480,000
Last Verified:
Aug 30, 2024

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Highlights

  • - Final 5-Year Ground Lease Option Beginning 12/1/24
  • - NOI of $30,000 (absolute net)
  • - Strategic location for high visibility and vehicle traffic (14,000 VPD)
  • - Well-maintained property in excellent condition
  • - 3,470 SF building in prime Fulton location
  • - Constructed in 1998

Description

Take advantage of a remarkable retail investment opportunity with this 3,470 SF building, strategically located in Fulton, MS. Built in 1998, the property exudes modern appeal and comes with a proven track record of 100% occupancy, ensuring an immediate return on investment. Perfect for retail or street retail ventures, this well-maintained property offers a turnkey solution for expanding your investment portfolio. Its strategic location guarantees high visibility and foot traffic, providing an attractive opportunity in the thriving retail market. With its pristine condition and successful tenancy, this property represents a solid and compelling option for retail investors seeking a lucrative addition to their portfolio. Broker being marketed in cooperation with State of Miss Broeker of Record: Bang Realty of Mississippi, Inc.

Discover the vibrant retail potential of Fulton, MS! Nestled in the heart of a bustling commercial district, the area offers a prime opportunity for retail and street retail investors. With its charming downtown atmosphere and proximity to key thoroughfares, the location provides excellent visibility and accessibility for businesses. Nearby points of interest include the renowned Itawamba Community College and the scenic Tombigbee State Park, drawing a steady flow of local and visiting patrons. Embrace the dynamic energy of this thriving community and unlock the possibilities for retail success at this prime location in Fulton.


Year Built: 1998
Building Size: 3470sq ft
Building Class: C
Lot Size: 0.6 acres


Documents

2023 Proposal
Horizontal Sale Flyer (L)

Map of 1613 S Adams St, Fulton, MS, 38843

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.