Hwy 98 Commercial Investment Property on Lake Serene
This is 6,000 sq.ft. building on a 1.6 acre lot that is located on Hwy 98 and Lake Serene. The part on Lamar County gets extremely high traffic counts and visibility. The building is currently under a secure lease and with good rental income and potential for growth. The bottom line is this property gives you current income, with potential for value appreciation because of the superior location. Excellent 9% capitalization rate at listing price.
1.6 +/- acres
Parts of Section 18, T4N, R14W, Lamar Co., MS; Lot 89 Lake Serene,
6,000 s.f. office building and classrooms
Great location on Hwy 98 West and Lake Serene
Good lessee in place with excellent rental income
9% capitalization rate at listing price provides excellent investment potential.
Estimated Income: (Call Agent for Details)
Building lease: $66,000
TOTAL ESTIMATED INCOME: $66,000
Taxes: (Call Agent for Details)