211 N Chrisman Ave, Cleveland, MS 38732

If you are a commercial investor looking to expand your portfolio, check out this 15,093A± square foot commercial building in Bolivar County, MS. The building is located at 504 North Chrisman Avenue in downtown Cleveland and is occupied by the Mississippi Division of Medicaid. A new five-year lease was signed on August 1, 2024, and it expires July 31, 2029. In 2012, an 8,000A± square foot portion underwent a renovation to meet the needs of the current tenant. The remaining space is currently being used as storage by the owner but could be renovated and leased to a second tenant. The paved parking lot, which offers 18,000A± square feet, was recently re-striped. This offering is ideal for an investor seeking low risk, low management, and a capitalization rate of approximately 9.2%. If you are interested in an income-producing commercial real estate property, give or a call today. Location: 504 N Chrisman Avenue Cleveland, MS 38751 Bolivar County Coordinates: 33.7464, -90.71877 Tax Information: 2024 - $11,070.84 Parcel #: 33-21-030-20-00100 Property Use: Investment Storage Property Information: 0.68A± Acre Lot 15,093A± SqFt Commercial Building 8,000A± SqFt Leased Through July 2029 7,093A±SqFt Storage Space 18,000A± SqFt Paved Parking Area Offices, Breakroom, Conference Room, File Room New Roof in 2024 Remodeled in 2012