741 Us-51, Madison, MS 39110
$640,000
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
Nearest Cross Street: Cobblestone Drive
Parcel Number: 072d-20b-070-01-03
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
Street Number: 741
Street Name: Us-51
County: Madison
State: MS
Zip Code: 39110
Subdivision: Baldwin Farms
Location
State Highway: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2025-02-20
List Price: $689,000
Current Price: $640,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
New Construction: No
Approx Lot Size Acres: 0.7
Office Square Footage: 6204
SqFt Source: Appraiser
List Price/SqFt: 23.11
Number of Lots: 1
Divisible: No
Year Built Source: Public Records
Total Floors: 2
Accessibility Features: Yes
Approx H/C SqFt: 29816
Year Built: 1973
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
Remarks & Miscellaneous
Public Remarks: 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.
Status Change Info
Sold Price/SqFt: 21.46
Contract Date/Pending Date: 2025-04-10
Closing Date: 2025-06-12
Current Use
Commercial: 1
Possible Use
Barber/Beauty: 1
Commercial: 1
Development: 1
Investment: 1
Medical/Dental: 1
Office: 1
Place of Worship: 1
Restaurant: 1
Retail: 1
Warehouse: 1
Business Type
Animal Grooming: 1
Church: 1
Lot Features
Landscaped: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Commercial Features
Divisible: No
Number of Tenants: 2
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Contract: 1
Conventional: 1
Showing Requirements
Showing: Appointment Required
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Available: 1
Phone Connected: 1
Sewer Connected: 1
Water Connected: 1
Walls - Interior
Paneling: 1
Sheetrock: 1
Square Footage Description
Ofc. Bldg 5000-10000 SF: 1
Retail Bldg up to 2500 SF: 1
Flooring
Carpet: 1
Concrete: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Conventional: 1
Slab: 1
Auction
Auction: No
Roof
Aluminum: 1
Driveway Features
Paved Drive: 1
Parking Features
Off Street: 1
Parking Lot: 1
Paved: 1
Lighting
Fluorescent: 1
Basement Features
Basement: No
Price Includes
Building and Land: 1
Available Documents
Appraisal: 1
Land Survey: 1
Disclosures
Seller/Agent Relationship: 1
Additional Transportation
Airport 3+ Miles: 1
Interstate 1 Mile or Less: 1
Paved: 1
State Highway: 1
Approx Age Code
Older 25+ Years: 1
Uncovered Parking?
1-25 Spaces: 1
Religious/Church Features
Fellowship Hall: 1
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.