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600 Quitman Street, Sledge, MS 38670

$1,330,000
Property Type: Commercial Sale Square Footage: 283,140 Lot Size (sq. ft.): 283,140 Status: Active
Current Price: $1,330,000 List Date: 11/17/2023 Last Modified: 4/03/2024

Description

Located 25 miles east of the Mississippi River, this newly-updated facility is especially convenient for transport to the river on Highway 315. The facility has been extensively reworked with two drive-over systems with 10'' grain pumps for a total of 5,600/bushels per hour. The prior inefficient spider-style system was removed, and the new system has over three times the unloading speed of the previous one. The entire property has been improved recently, and the only original parts remaining are the shells of the grain bins and the surrounding chain-link fence. All of the wiring and electric system has been overhauled with new panels, new breakers, and underground electricity. There are all new grain pumps, augers, floors, and stands --- 22 ½ degree pipe for unloading - multiple new doors - and almost all fans have been replaced or overhauled. The bins have 100% full for the current year and will hold 300,000 to 330,000 bushels at maximum capacity. All bins are rented for the next two years, with space for additional bins and income. Annual Taxes - $3,502

More Information MLS# 4064283

Address and Location Information

Street Number: 600 Street Name: Quitman Street Suffix: Street County: Quitman State: MS Zip Code: 38670 Parcel Number: 170355110000007 Subdivision: Metes And Bounds Directions to Property: From I-55, take the Sardis exit heading west. Cross over Hwy 51 onto Hwy 315. Continue for 17 miles, crossing over Hwy 3, and then in about a mile, turn left onto Quitman Street. In 1/3 mile, the property will be on the left. Community Of: N/A

Listing Information

Status: Active List Date: 2023-11-17 List Price: $1,330,000 Current Price: $1,330,000 Property Sub Type: Special Purpose Listing Service: Full Service New Construction: No

Co-Op and Commission Information

Buyer Agency Compensation: 3 Buyer Agency Comp Type: %

General Property Information

Approx Lot Size Acres: 6.5 Approx H/C SqFt: 283140 Office Square Footage: 900 SqFt Source: Assessor List Price/SqFt: 4.7 Divisible: No Year Built: 1985 Year Built Source: Assessor Total Floors: 1 Fireplace: No Accessibility Features: No

Tax and Financial Information

Tax Annual Amount: 3503 Tax Year: 2022 Zoning: Commercial Flood Insurance Required?: No Leasehold Y/N: No 16th Section: No Legal Description: PT E2 NW4 N & E OF RD & PT W2 NE4 W OF RR UNPLATTED 35-7-10

Remarks & Miscellaneous

Public Remarks: Located 25 miles east of the Mississippi River, this newly-updated facility is especially convenient for transport to the river on Highway 315. The facility has been extensively reworked with two drive-over systems with 10'' grain pumps for a total of 5,600/bushels per hour. The prior inefficient spider-style system was removed, and the new system has over three times the unloading speed of the previous one. The entire property has been improved recently, and the only original parts remaining are the shells of the grain bins and the surrounding chain-link fence. All of the wiring and electric system has been overhauled with new panels, new breakers, and underground electricity. There are all new grain pumps, augers, floors, and stands --- 22 ½ degree pipe for unloading - multiple new doors - and almost all fans have been replaced or overhauled. The bins have 100% full for the current year and will hold 300,000 to 330,000 bushels at maximum capacity. All bins are rented for the next two years, with space for additional bins and income. Annual Taxes - $3,502

Commercial Features

Cap Rate: 7.5

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Property Features

Business Type: Agriculture; Special Purpose; Storage Current Use: Agricultural; Warehouse; See Remarks Commercial Features: 220 Volt Power; See Remarks Electricity Features: Three Phase Location: Paved; Rural Utilities: Electricity Connected Listing Terms: 1031 Exchange; Cash; Conventional Roof: Metal Price Includes: All Equipment Available Documents: Other
Listing Office: Landhawk Realty, Llc
Listing Agent: Molly Hawkins
Last Updated: April - 03 - 2024

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Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.