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
Documents
Listing Office: Landhawk Realty, Llc
Listing Agent: Molly Hawkins
Last Updated: April - 03 - 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.