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Description

Excellent value-add investment opportunity in Southaven, MS—featuring a two-building office complex offering strong income and significant upside potential. Built in 1988, both two-story, elevator-served buildings are well maintained with minimal deferred maintenance. Many long-term tenants currently occupy the property on month-to-month leases, providing flexibility and the chance to increase rents to market rates. The complex generates a solid net operating income of approximately $120,000, with room for future growth under new ownership. A rare find in a thriving commercial area—shown by appointment only.

Listing Details

  • Cap Rate

    9%

  • Tenancy

    Multi

  • Space Type

    Office

  • Sub Category

    Traditional

  • Date Listed

    11/5/2025

  • Net Operating Income

    $120,000

Property Specifics

  • Property Name

    230 Goodman Rd E

  • No of Buildings

    2

  • No of Stories

    2

  • Year Built

    1988

  • Building Size

    13,362 SF

  • APN

    107930160

  • Occupancy

    90%

Property Amenities

Location Amenities

Airport
Commuter Rail
Public Transportation

Unit Amenities

Air Conditioning
Natural Light
Onsite Parking