$285,000
Philadelphia, MS 39350
MLS# 25-1173
1600 sqft
1 / 3
Property Description
Excellent investment opportunity for a great rate of return. This commercial building is leased to a long-term tenant, Little Caesar's Pizza, in place since July 2014. Annual income of $26,136, plus the tenant is responsible for property taxes and all non-structural maintenance. Tenant covers their own maintenance including hvac replacement/repair. Landlord covers insurance cost. Current lease term runs until June 2029, and there is a renewal option remaining that would run from July 2029 - June 2034. Busy corner location in the heart of the West Main Street commercial corridor in Philadelphia benefit this established location. Taxes are $2,491.16 annually, paid by tenant. Insurance estimated at $2,200 annually. OFFERED AT $285,000 PURCHASE PRICE!
Details
Documents
Contract Information
Current Price: $285,000
Begin Date: 2025-05-31
Status: Active
List Price: $285,000
General Property Description
Total SqFt.: 1600
Lot Dimensions: 0.11 acres +/-
Building Size: 1600
Lot Acres: 0.11
Location Tax and Other Information
Area: 10 - Other Mississippi Areas
House Number: 337
Street Dir Prefix: W
Street Name: Main St
State/Province: MS
Postal Code: 39350
County: Neshoba
Taxes: 2491.16
Tax Year: 2024
Subdivision: None
Parcel Number: 05225D-00E-006.000
Property Features
Sale Flyer 
Listing Office: FARMER COMMERCIAL PROPERTIES
Last Updated: June - 06 - 2025
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