SHERI LIPSEY REAL ESTATE

710 Main St, Columbus, MS 39701

$1,880,000
Property Type: Commercial Square Footage: 40,768 Status: Active
Current Price: $1,880,000 List Date: 1/02/2024 Last Modified: 6/16/2025

Description

Beautiful, well maintained building in the historic downtown Columbus area. Occupying nearly a city block, this property represents a unique purchase-leaseback investment opportunity. Regions Bank will remain in the building occupying the first floor of 10,745 sq ft. The bank would be under a 10 year lease with an additional three, 5 year renewable options. That would be an 8% CAP rate for that sq footage. This leaves 30,000 sq ft(+/-) to be occupied or leased plus a basement for storage. Building has two elevators one on the east side the other on the west side of the building. 153 parking spaces. Roof is 12 years old, part shingled, part flat with no past issues or major repairs. Building has basement that is not included in the square footage.

More Information MLS# 23-1164

General Property Description

Lot Dimensions: 2.42 Acres(+/-) Handicap Access: Yes Total SqFt.: 40768

Location, Tax and Other Information

Realtor.COM Type: Commercial Flood Zone: No

Business Type

Financial: 1

Miscellaneous

Elevator: Two

Sewer

Public Sewer: 1

Water

Public: 1

Heat

Other: 1

Air

Central Air: 1 Electric: 1

Contract Information

Current Price: $1,880,000 Begin Date: 2023-06-27 Status: Active List Price: $1,880,000

Location Tax and Other Information

Area: 01 - South Columbus House Number: 710 Street Name: Main St State/Province: MS Postal Code: 39701 County: Lowndes Taxes: 60909 Tax Year: 2022 Subdivision: None Parcel Number: 61W460000100/300/400

Property Features

Business Type: Financial Sewer: Public Sewer Water: Public Heat: Other Air: Central Air; Electric
Listing Office: RHETT REAL ESTATE,INC.
Last Updated: June - 16 - 2025
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