741 Us-51, Madison, MS 39110 (MLS# 4104439)

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: $640,000 List Date: 2/21/2025 Last Modified: 6/13/2025

Overview

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.

Listing Details MLS# 4104439

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: Yes
Divisible: No
Year Built: 1973
Year Built Source: Public Records
Total Floors: 2
Accessibility Features: Yes
Property Sub Type: Retail
New Construction: 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

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

Property Sub Type: Retail
Listing Service: Full Service

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

More Information

Commercial Features

Divisible: No
Number of Tenants: 2

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Location

State Highway: Yes

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.

Current Use

Commercial: Yes

Possible Use

Barber/Beauty: Yes
Commercial: Yes
Development: Yes
Investment: Yes
Medical/Dental: Yes
Office: Yes
Place of Worship: Yes
Restaurant: Yes
Retail: Yes
Warehouse: Yes

Business Type

Animal Grooming: Yes
Church: Yes

Lot Features

Landscaped: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Contract: Yes
Conventional: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Walls - Interior

Paneling: Yes
Sheetrock: Yes

Square Footage Description

Ofc. Bldg 5000-10000 SF: Yes
Retail Bldg up to 2500 SF: Yes

Flooring

Carpet: Yes
Concrete: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

Conventional: Yes
Slab: Yes

Roof

Aluminum: Yes

Driveway Features

Paved Drive: Yes

Parking Features

Off Street: Yes
Parking Lot: Yes
Paved: Yes

Lighting

Fluorescent: Yes

Price Includes

Building and Land: Yes

Available Documents

Appraisal: Yes
Land Survey: Yes

Disclosures

Seller/Agent Relationship: Yes

Additional Transportation

Airport 3+ Miles: Yes
Interstate 1 Mile or Less: Yes
Paved: Yes
State Highway: Yes

Approx Age Code

Older 25+ Years: Yes

Uncovered Parking?

1-25 Spaces: Yes

Religious/Church Features

Fellowship Hall: Yes

Documents

Land Survey ›

Full Appraisal ›

Listing Office: Hopper Properties

Listing Agent: Snooky Hill

Last Updated: June - 13 - 2025