CHT Suites

For Sale

300 South Spring Street, Tupelo, MS 38804

This Tupelo property for sale is located at 300 South Spring Street. The general use of CHT Suites is office and it incorporates 7,850 square feet of class B office space. The current listed sale price for CHT Suites is $749,000. CHT Suites is situated on a lot that is 0.18 acre in size.

Contacts

broker

Clay Short

TRI Inc. CRE

Property Details

  • Property Type Office - General Office
  • Property Size 7,850 SF
  • Lot Size 0.18 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1970
  • Year Renovated 2015
  • Date Updated Mar 13, 2024
Located in the heart of the Lee County Central Business District in historic downtown Tupelo, Ms. Neighbors include the headquarters for BancorpSouth Bank and Renasant Bank among other professional organizationsMulti-tenant office building leased primarily to therapists and counselors. Facility was completely renovated in 2015 including HVAC and roof. As a corner lot, downtown the property has 2 facades of frontage measuring 100' x 78' +/-. All shared street parking. Current tenant roster includes 6 professional organizations. Current leasing plan (included) offers 3 suites of varying sizes, but can be modified to fit alternate sizes. Current owner will engage a sale -leaseback scenario which will begin at closing. Value-add opportunity in which the new owner has the opportunity increase the rate-of-return and value through leasing Current Cap Rate: 6.3%; Current Occupancy Rate: 80%+/-; Pro-forma Cap Rate: 8.95%; Pro-forma Occupancy Rate: 93%Multi-tenant office building leased primarily to therapists and counselors. Facility was completely renovated in 2015 including HVAC and roof. As a corner lot, downtown the property has 2 facades of frontage measuring 100' x 78' +/-. All shared street parking. Current tenant roster includes 6 professional organizations. Current leasing plan (included) offers 3 suites of varying sizes, but can be modified to fit alternate sizes.

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Location

  • City Tupelo, MS
  • Zip Code 38804

Points of Interest

  • Phillips 66

    0.40 miles

  • Walmart

    0.63 miles

  • Kroger

    0.75 miles

  • Texaco

    0.90 miles

  • Chevron

    0.95 miles

  • ExpressShop

    1.81 miles

  • Murphy Express

    2.06 miles

  • Dodges Store

    2.12 miles

  • Dodge's Store

    2.13 miles

  • Tesla Supercharger

    3.87 miles

  • Loves' # 398 - Tupelo

    6.52 miles

  • Hotel Tupelo

    0.29 miles

  • Hilton Garden Inn Tupelo

    0.32 miles

  • Scottish Inn

    0.77 miles

  • All American Inn Tupelo

    0.82 miles

  • Economy Inn

    0.99 miles

  • Clarion Inn and Summit Center

    1.18 miles

  • Travelers Motel

    1.22 miles

  • Rodeway Inn & Suites Tupelo

    1.23 miles

  • Holiday Inn Hotel & Suites Tupelo North

    1.26 miles

  • Candlewood Suites Tupelo North

    1.32 miles

  • Walmart Neighborhood Market

    0.55 miles

  • Kroger

    0.84 miles

  • Todd's Bigstar

    1.47 miles

  • Walmart Supercenter

    2.11 miles

  • Barnes Crossing Mall

    3.63 miles

  • Mall at Barnes Crossing

    3.66 miles

  • Ross

    3.89 miles

  • Kohl's

    3.93 miles

  • ALDI

    4.00 miles

  • Brooks Grocery

    4.30 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Clay Short

TRI Inc. CRE