Bay Springs USPS

Highlights:

• Lot Dimension: 200 x 203 x 200 x 222
• Annual Tax: $ 4477.72
• Average Occupancy Rate: 50.0
• Gross Income: $ 44128.0
• Lot Size: 1-2 Acres
• Age: Over 50 Years Old
• Sewer: City
• Water: City Water

Description:

Excellent Investment Opportunity - 10% CAP Rate with Significant Upside Potential! Outstanding opportunity to acquire an income-producing property currently operating as a United States Post Office. The U.S. Postal Service has approximately 10 years remaining on its current lease, with an option to renew, providing an established long-term tenant and attractive income stream. Even more compelling, the property is currently generating an approximately 10% CAP rate while only about 50% of the building is leased. The remaining space offers significant upside potential through additional leasing or could provide an excellent opportunity for an owner/user needing additional commercial space. With a long-term USPS lease already in place, a strong current return, and approximately half of the building still available to generate additional income, this property offers an attractive combination of current cash flow, long-term tenancy, and future growth potential.

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Listing ID: 079707cb-5375-4781-ab99-f3543782dd59