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121 Public Sq

3,600 SF 100% Leased Retail Building Batesville, MS 38606 $420,514 CAD ($117 CAD/SF) 8.03% Cap Rate

Investment Highlights

  • Income-Producing Property in Downtown Batesville! NET Income (AFTER tax/insurance/water) is Over $24,000 Annually!

Executive Summary

Excellent Investment Property with Four Great Rentals in Mint Condition! This beautiful building on the Batesville Square is home to Dale Copeland's Jewelry Store downstairs & a newly remodeled office space directly behind it with a kitchen and full bath, which could easily serve as an apartment instead. Upstairs there are two very nice one-bedroom apartments that have also been remodeled in recent years. The property has added appeal with walking distance to two great eateries ~ Honeybee Coffee Cupboard & Court Street Patio! The apartments all have refrigerators & stoves, but no washers & dryers are needed with Smith Cleaners AND Smith Coin Laundry just across the parking lot. The seller recently painted and put in new flooring in the apartments, and there's a super-high demand for nice residential rentals in Batesville. Roof & HVAC units were all recently replaced, too.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $33,772 $9.38

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $33,772
Annual Per SF $9.38

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,600 SF
Building Class
B
Year Built
2000
Price
$420,514 CAD
Price Per SF
$117 CAD
Cap Rate
8.03%
NOI
$33,754 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
1.65
Land Acres
0.05 AC
Parking
2 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
43 ft on Public Sq

Amenities

  • Signage

About 121 Public Sq , Batesville, MS 38606

Excellent Investment Property with Four Great Rentals in Mint Condition! This beautiful building on the Batesville Square is home to Dale Copeland's Jewelry Store downstairs & a newly remodeled office space directly behind it with a kitchen and full bath, which could easily serve as an apartment instead. Upstairs there are two very nice one-bedroom apartments that have also been remodeled in recent years. The property has added appeal with walking distance to two great eateries ~ Honeybee Coffee Cupboard & Court Street Patio! The apartments all have refrigerators & stoves, but no washers & dryers are needed with Smith Cleaners AND Smith Coin Laundry just across the parking lot. The seller recently painted and put in new flooring in the apartments, and there's a super-high demand for nice residential rentals in Batesville. Roof & HVAC units were all recently replaced, too. Note: Dale Copeland Jeweler has been in business over 40 years and plans to be there for many years to come! Annual Taxes ~ $1,951 ~ At Current Rent Rates when Fully Rented, the NET Income (AFTER tax/insurance/water) is Over $24,000 Annually

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Copeland Dale Jeweler
  • -
  • 800 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Copeland Dale Jeweler - 800 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3183R0000100-160000500
Land Assessment
$958 CAD
Improvements Assessment
$17,575 CAD
Total Assessment
$18,533 CAD
  • Listing ID: 15045006

  • Date on Market: 2019-02-01

  • Last Updated:

  • Address: 121 Public Sq, Batesville, MS 38606

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