118 Homestead Drive, B, Madison, MS 39110 (MLS# 4085349)

118 Homestead Drive, B, Madison, MS 39110

$1,395,000

Property Type: Commercial Sale Square Footage: 8,800 Lot Size (sq. ft.): 56,628 Status: Closed

Current Price: $1,395,000 List Date: 5/06/2025 Last Modified: 9/10/2025

Description

+/- 9,000 SF multi-tenant office building located in Homestead Office Park within the city of Madison. Very convenient location with easy access to Madison, Ridgeland and Gluckstadt via Hwy51. The building is in very good condition, constructed new in 2008 and is situated on two lots (1.3 acres). The first floor has a large common foyer with seating area and is currently divided into 3 suites. The second floor is currently unoccupied. It is one suite at +/- 4,500 sf but could be divided into multiple suites. There are 34 parking spaces up front, the rear of the lot is partially wooded and is nicely landscaped. Great investment property, owner user or combination.

More Information MLS# 4085349

Address and Location Information

Street Number: 118 Street Name: Homestead Street Suffix: Drive Lot #: 4 County: Madison State: MS Zip Code: 39110 Unit #: B Nearest Cross Street: Hwy 51 Parcel Number: 072b-04c-002-05-00 Subdivision: Homestead Office Park Directions to Property: From Madison head North on Hwy 51. Homestead is on the right past Hoy Road. The property is at the end of the cul-de-sac on the left. Community Of: N/A

Listing Information

Status: Closed List Date: 2024-07-12 List Price: $1,395,000 Current Price: $1,225,000 Property Sub Type: Office Listing Service: Full Service

General Property Information

Approx Lot Size Acres: 1.3 Approx H/C SqFt: 8800 SqFt Source: Plans List Price/SqFt: 158.52 Year Built: 2008 Year Built Source: Owner Total Floors: 2 Accessibility Features: Yes

Tax and Financial Information

Tax Annual Amount: 2284 Tax Year: 2023 Flood Insurance Required?: No Leasehold Y/N: No Legal Description: LOT 4 HOMESTEAD OFFICE PARK

Status Change Info

Contract Date/Pending Date: 2025-07-01 Closing Date: 2025-09-08 Sold Price/SqFt: 139.2

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Parking Spaces

# Parking Spaces Uncovered: 34

Property Features

Current Use: Investment; Office Location: Office Building; Office Park Levels: Two Square Footage Description: Ofc. Bldg 5000-10000 SF Approx Age Code: Under 25 Years

Listing Office: JDJ Realty

Listing Agent: Kim Bobbitt

Last Updated: September - 10 - 2025