145 Republic Street, 511, Madison, MS 39110
$709,000
Property Type:
Commercial Sale
Baths:
1
Square Footage:
1,949
Lot Size (sq. ft.):
10,890
Status:
Active
Current Price:
$709,000
List Date:
2/05/2024
Last Modified:
3/25/2024
Description
Every day is a beautiful day in the neighborhood. Located in Lost Rabbit Town Center, this mixed use space can be anything you want it to be. Upon entering you will notice the handsome features which include stamped floors, cross laminated timber ceilings, an inviting fireplace, top of the line appliances, countertops and so much more. Unlike many commercial spaces, this one is warm and inviting with a lounge area, a bar area, two office nooks, an oversized conference room and a bathroom. Added features include three exterior doors that open out to the beautiful marina as well the ability to be a part of the upcoming development in Town Center.. the new General Store, luxury condos, a neighborhood pub and more to come. Also of note - there is a rooftop terrace that is accessible only by owners. Truly a unique opportunity for any business owner - pilates/yoga studio, fitness center, venue, you name it. This one is truly a must see!
More Information MLS# 4038209
Address and Location Information
Street Number: 145
Street Name: Republic
Street Suffix: Street
County: Madison
State: MS
Zip Code: 39110
Unit #: 511
Parcel Number: 72a-12c-089
Subdivision: Lost Rabbit
Directions to Property: Hoy Rd to Lost Rabbit. Left on Water Street, Right on Port Street and Left on Republic Street. Building is on the right
Community Of: N/A
Listing Information
Status: Active
List Date: 2023-01-26
List Price: $709,000
Current Price: $709,000
Property Sub Type: Business
Listing Service: Full Service
New Construction: No
Property Condition: Updated/Remodeled
Co-Op and Commission Information
Buyer Agency Compensation: 2.5
Buyer Agency Comp Type: %
General Property Information
Approx Lot Size Acres: 0.25
Lot Size Dimensions: unknown
Approx H/C SqFt: 1949
SqFt Source: Appraiser
List Price/SqFt: 363.78
Year Built: 2021
Year Built Source: Owner
Total Floors: 1
Bathrooms Total: 1
Bathrooms Half: 1
Fireplace: Yes
Fireplaces Total: 1
Pool: No
School District: Madison CO Dist
Elementary School: Madison Avenue
Middle or Junior School: Madison
High School: Madison Central
Accessibility Features: No
Tax and Financial Information
Tax Annual Amount: 4625
Tax Year: 2022
Flood Insurance Required?: No
Leasehold Y/N: Yes
Association: Yes
Association Fee: 1375
Association Fee Frequency: Annually
Association Fee 2 Frequency: Quarterly
Association Maintenance Fee: 2
Legal Description: 509 40 0101
509 50 0101
Remarks & Miscellaneous
Public Remarks: Every day is a beautiful day in the neighborhood. Located in Lost Rabbit Town Center, this mixed use space can be anything you want it to be. Upon entering you will notice the handsome features which include stamped floors, cross laminated timber ceilings, an inviting fireplace, top of the line appliances, countertops and so much more. Unlike many commercial spaces, this one is warm and inviting with a lounge area, a bar area, two office nooks, an oversized conference room and a bathroom. Added features include three exterior doors that open out to the beautiful marina as well the ability to be a part of the upcoming development in Town Center.. the new General Store, luxury condos, a neighborhood pub and more to come. Also of note - there is a rooftop terrace that is accessible only by owners. Truly a unique opportunity for any business owner - pilates/yoga studio, fitness center, venue, you name it. This one is truly a must see!
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Lockbox Location: See Remarks
Basement Features
Basement: No
Property Features
Business Type: Accounting; Administrative and Support; Advertising; Arts and Entertainment; Athletic; Barber/Beauty; Candy/Cookie; Clothing; Commercial; Decorator; Dental; Fitness; Flex; Franchise; Furniture; Gaming Location; General Business; Gift Shop; Hospitality; Liquor Store; Medical; Mixed; Office Condo; Photographer; Professional Service; Professional/Office; Rental; Residential; Retail; Special Purpose; Variety; Video; Other
Current Use: Office
Possible Use: Barber/Beauty; Dental; Gaming Location; Investment; Medical; Professional/Office; Retail; See Remarks
Structure Type: Midrise 3-6 Floors
Lot Features: Views
Location: Other Waterfront; Other; See Remarks
Levels: One
Square Footage Description: See Remarks
Covenants And Restrictions: Architectural Review; Restrictive Covenants
Expenses Include: Common Area; Water/Sewer
Association Fee Includes: Maintenance Grounds; Pool Service
Walls - Interior: Sheetrock
Flooring: Concrete
Window Features: Blinds
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Fiber to the House
Sewer: Public Sewer
Water Source: Public
Foundation Details: Post-Tension
Exterior Construction/Siding: Brick
Roof: Flat
Exterior Features: Lighting; See Remarks
Parking Features: Parking Lot
Religious/Church Features: None
Flood Insurance: Unknown
Water Heater: Gas; Tankless
Disclosures: Agent Owned
Listing Office: The Chandler Group LLC DBA The Chandler Group
Listing Agent: Christi Chandler
Last Updated: March - 25 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.