1203 S. Chrisman Avenue

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1203 S. Chrisman Avenue

Cleveland, MS 38732
Asking Price
$8K
Asset Type
Land
Class
Class B

What's Special

1203 South Chrisman Avenue is located in the southern portion of Cleveland, Mississippi, positioned within a mixed-use neighborhood. The property sits near the intersection of South Chrisman Avenue and Highway 8, providing direct access to the city’s primary east-west corridor. The immediate area features a blend of residential housing, local retail, and small-scale industrial operations. Nearby amenities include grocery stores, public schools, and community parks. The site is approximately two miles from Delta State University and the downtown commercial district, making it accessible for local traffic and logistical transport. This vacant land parcel is suitable for various development projects, including light industrial facilities, small-scale storage, or commercial trade shops. Given its proximity to local infrastructure, the site aligns with the needs of owner-occupiers in the construction or specialty trade industries. Typical tenants or buyers for this location include local entrepreneurs seeking site storage, distribution businesses requiring proximity to Highway 8, or residential developers looking to infill the existing neighborhood fabric. The flat topography and existing road frontage support straightforward site planning and accessibility for utility connections.

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NOI
$80,000
Cap Rate
1066.67%
DSCR
179.67
Strong
Cash-on-Cash
3535.77%
Monthly Payment
$37.106
Annual Cash Flow
$79,554.729

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