118 Homestead Drive, B, Madison, MS 39110 (MLS# 4085349)
118 Homestead Drive, B, Madison, MS 39110
$1,225,000
Property Type:
Commercial Sale
Square Footage:
8,800
Lot Size (sq. ft.):
56,628
Status:
Closed
Current Price:
$1,395,000
List Date:
5/06/2025
Last Modified:
9/10/2025
Overview
Description
+/- 9,000 SF multi-tenant office building located in Homestead Office Park within the city of Madison. Very convenient location with easy access to Madison, Ridgeland and Gluckstadt via Hwy51. The building is in very good condition, constructed new in 2008 and is situated on two lots (1.3 acres). The first floor has a large common foyer with seating area and is currently divided into 3 suites. The second floor is currently unoccupied. It is one suite at +/- 4,500 sf but could be divided into multiple suites. There are 34 parking spaces up front, the rear of the lot is partially wooded and is nicely landscaped. Great investment property, owner user or combination.
Listing Details MLS# 4085349
General Property Information
- Approx Lot Size Acres
- 1.3
- Approx H/C SqFt
- 8800
- SqFt Source
- Plans
- List Price/SqFt
- 158.52
- Year Built
- 2008
- Year Built Source
- Owner
- Total Floors
- 2
- Accessibility Features
- Yes
- Property Sub Type
- Office
- New Construction
- No
Property Features
Current Use:
Investment; Office
Location:
Office Building; Office Park
Levels:
Two
Square Footage Description:
Ofc. Bldg 5000-10000 SF
Approx Age Code:
Under 25 Years
Address and Location Information
- Street Number
- 118
- Street Name
- Homestead
- Street Suffix
- Drive
- Lot #
- 4
- County
- Madison
- State
- MS
- Zip Code
- 39110
- Unit #
- B
- Nearest Cross Street
- Hwy 51
- Parcel Number
- 072b-04c-002-05-00
- Subdivision
- Homestead Office Park
- Directions to Property
- From Madison head North on Hwy 51. Homestead is on the right past Hoy Road. The property is at the end of the cul-de-sac on the left.
- Community Of
- N/A
Listing Information
- Property Sub Type
- Office
- Listing Service
- Full Service
Tax and Financial Information
- Tax Annual Amount
- 2284
- Tax Year
- 2023
- Flood Insurance Required?
- No
- Leasehold Y/N
- No
- Legal Description
- LOT 4 HOMESTEAD OFFICE PARK
Status Change Info
- Contract Date/Pending Date
- 2025-07-01
- Closing Date
- 2025-09-08
- Sold Price/SqFt
- 139.2
More Information
Auction
- Auction
- No
Showing Requirements
- Showing
- Appointment Required
Basement Features
- Basement
- No
Parking Spaces
- # Parking Spaces Uncovered
- 34
Location
- City
- Yes
- Office Building
- Yes
- Office Park
- Yes
Remarks & Miscellaneous
- Public Remarks
- +/- 9,000 SF multi-tenant office building located in Homestead Office Park within the city of Madison. Very convenient location with easy access to Madison, Ridgeland and Gluckstadt via Hwy51. The building is in very good condition, constructed new in 2008 and is situated on two lots (1.3 acres). The first floor has a large common foyer with seating area and is currently divided into 3 suites. The second floor is currently unoccupied. It is one suite at +/- 4,500 sf but could be divided into multiple suites. There are 34 parking spaces up front, the rear of the lot is partially wooded and is nicely landscaped. Great investment property, owner user or combination.
Current Use
- Investment
- Yes
- Office
- Yes
Levels
- Two
- Yes
Square Footage Description
- Ofc. Bldg 5000-10000 SF
- Yes
Approx Age Code
- Under 25 Years
- Yes
Uncovered Parking?
- 26-50 Spaces
- Yes
Listing Office:
JDJ Realty
Listing Agent:
Kim Bobbitt
Last Updated: September - 10 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.