West Side of the Magnolia Mall Natchez MS

Shopping Center for Sale
Catylist Listing ID: 30755802
Property Subtypes: Neighborhood Center, Strip Center
Building Size (RSF): 49,848 SF
Gross Land Area: 7.71 Acres
Sale Price: $1,723,250
Unit Price: $34.57 PSF
Property Use Type: Investment
Building Name: West side of the Magnolia Mall
Usable Size (USF): 49,848 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 1/22/2022

Overview / Comments

This tract contains 7.71 acres with 49,848 rentable square footage. There is a 39,007 square foot slab that used to be a Grocery Depot that could possibly be used to construct additional rentable square feet.
There are cross easements in place with the parking area of Dirt Cheap and Cash saver to ensure good traffic flow through the parking areas.

Additional Details

Nearest MSA: Natchez
County: Adams
Taxing Authority: Natchez MS and Adams County MS
Tax ID/APN: 40-112-165
Zoning: B-4 GENERAL HIGHWAY BUSINESS
Retail Clientele: General
Property Located Between: Just west of Cash Saver and Dirt Cheap
Property Visibility: Excellent
Largest Nearby Street: Devereaux Drive
Feet of Frontage: 250
Highway Access: Yes
Airports: Natchez Regional, Baton Rouge and Jackson MS
Site Description: This tract contains a total of 7.71 acres with 49,848 square feet of rentable property. There is a 39,007 sq ft slab that was once a grocery store that can be built upon the create additional leasable space. There are cross easements in place with the Cash Saver and Dirt Cheap parking area next door to facilitate good traffic flow.
Area Description: Easy ingress and egress from Devereaux Drive.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,628 18,088 27,827
Median Age: 37.1 41.69 40.72
Households: 2,360 7,754 11,662

Contact

Photograph of Listing Agent

Glenn Green

Paul Green and Associates Natchez, MS 39120
LACDB Member
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