K-Mart Building on the Auction Block

COLUMBUS, MS – Courtesy of the Dispatch and Grant McLaughlin

The former Kmart building at 2308 Hwy 45 N is slated for online auction Oct 10-12 – Grant McLaughlin – Dispatch Staff

The commercial real estate agency Crexi recently posted a listing for the old K-Mart structure on Hwy 45, which has lain vacant since late 2018. The opening bid will be $750,000, and prospective bidders have until Oct 10 to put down a $10,000 deposit and pass a background check, as well as meeting other requirements. “The vacant box is 412 (feet) by 282.2 (feet), creating an ample amount of frontage for retail redevelopment,” the listing reads. “This will give investors flexibility when backfilling the center, allowing them to subdivide the space in a way that is suitable for prospective retailers.” Lowndes County tax records estimate the property’s value at $3.1 million.

Please click here for the original article: https://cdispatch.com/news/2022-09-24/kmart-building-slated-for-online-auction-in-october/

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