741 Us-51, Madison, MS 39110 (MLS# 4104439)
741 Us-51, Madison, MS 39110
$689,000
Property Type:
Commercial Sale
Square Footage:
29,816
Lot Size (sq. ft.):
30,492
Status:
Closed
Current Price:
$689,000
List Date:
2/21/2025
Last Modified:
6/13/2025
Description
This is currently an INCOME PRODUCING property. Very conveniently located in Madison city limits. Located on Hwy 51 across the street from the Madison tax assessors office and next door to the famous Hamils restaurant. Visibility is as good as it gets with the vehicular traffic going to Mama Hamils on an almost daily basis, Recreational fields and tennis complex close by, and extremely high traffic counts on Hwy 51. Both tenants have expressed the desire to sign long term leases. Additionally there is up to 3 acres of level raw land available behind the buildings. 24 parking spaces included on a new pavement. Appraisal Available.
More Information MLS# 4104439
Address and Location Information
Street Number: 741
Street Name: Us-51
County: Madison
State: MS
Zip Code: 39110
Nearest Cross Street: Cobblestone Drive
Parcel Number: 072d-20b-070-01-03
Subdivision: Baldwin Farms
Directions to Property: Traveling South on Hwy 51 from Madison The City, just through the traffic signal at Mama Hamil's & Cobblestone Drive, it is the second drive on the Right. Pet Groomer / Glory Revival Center.
Traveling North on Hwy 51 from Ridgeland, it is the second drive on the Left after crossing Colony Park Blvd.. Pet Groomer / Glory Revival Center.
Community Of: N/A
Listing Information
Status: Closed
List Date: 2025-02-20
List Price: $689,000
Current Price: $640,000
Property Sub Type: Retail
Listing Service: Full Service
General Property Information
Approx Lot Size Acres: 0.7
Approx H/C SqFt: 29816
Office Square Footage: 6204
SqFt Source: Appraiser
List Price/SqFt: 23.11
Number of Lots: 1
Divisible: No
Year Built: 1973
Year Built Source: Public Records
Total Floors: 2
Accessibility Features: Yes
Tax and Financial Information
Tax Annual Amount: 4993
Tax Year: 2024
Zoning: C2
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: .7 AC (119.87 X 248.74 FT) IN LOTS 27 & 28 BLK A BALDWIN FARMS
Status Change Info
Contract Date/Pending Date: 2025-04-10
Closing Date: 2025-06-12
Sold Price/SqFt: 21.46
Commercial Features
Divisible: No
Number of Tenants: 2
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Basement Features
Basement: No
Property Features
Business Type: Animal Grooming; Church
Current Use: Commercial
Possible Use: Barber/Beauty; Commercial; Development; Investment; Medical/Dental; Office; Place of Worship; Restaurant; Retail; Warehouse
Lot Features: Landscaped
Location: State Highway
Levels: Two
Square Footage Description: Ofc. Bldg 5000-10000 SF; Retail Bldg up to 2500 SF
Walls - Interior: Paneling; Sheetrock
Lighting: Fluorescent
Flooring: Carpet; Concrete
Cooling: Central Air
Heating: Central
Utilities: Cable Available; Electricity Connected; Natural Gas Available; Phone Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Conventional; Slab
Listing Terms: 1031 Exchange; Cash; Contract; Conventional
Roof: Aluminum
Driveway Features: Paved Drive
Parking Features: Off Street; Parking Lot; Paved
Additional Transportation: Airport 3+ Miles; Interstate 1 Mile or Less; Paved; State Highway
Price Includes: Building and Land
Available Documents: Appraisal; Land Survey
Disclosures: Seller/Agent Relationship
Approx Age Code: Older 25+ Years
Documents
Land Survey ›Listing Office: Hopper Properties
Listing Agent: Snooky Hill
Last Updated: June - 13 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.