2889 S Lamar Blvd - Flex FOR SALE


Oxford, MS 38655
$5,100,000 USD
601-942-0132
2889 S Lamar Blvd, Oxford, MS for Sale
$5,100,000 USD
Flex - FOR SALE
1/43
null | 6.89% Cap Rate

2889 S Lamar Blvd
Oxford, MS 38655


HIGHLIGHTS

  • Development Opportunity
  • Flexible Zoning
  • Ample Parking
  • Direct Access to South Lamar Blvd.

OVERVIEW

This prime commercial property in Oxford, MS, offers an exceptional investment opportunity. Located just 2 miles from Oxford Square and the University of Mississippi, it boasts 3.77 acres with 27,190 square feet of building space. Approximately 80% of the property is leased, providing immediate cash flow. The recent remodel ensures modern facilities, enhancing its appeal. With high density zoning, the property supports a variety of uses, including multi-family, attached single-family, commercial, and office spaces. Its direct access to South Lamar Blvd offers excellent visibility and accessibility. The existing leases generate steady income, allowing for redevelopment of the remaining space. This property’s strategic location near downtown and the university, combined with its development potential, makes it a valuable asset. Contact Joel at 601-942-0132 today to explore this remarkable opportunity.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

6.89%

% LEASED

80%

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.77

LAND SF

164,221

ZONING

SCO

APN/PARCEL ID

182D-04-001.00

ASK ABOUT THIS PROPERTY

Joel ReevesCannon Cleary McGrawMore Info
601-942-0132

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Joel ReevesCannon Cleary McGrawMore Info
601-942-0132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.