437 Magnolia StLaurel, MS 39440

This exceptional Class A mixed-use property, located at 437 N Magnolia St in Historic Downtown Laurel, MS, presents a unique investment opportunity. The 9,470 square foot building, constructed in 1919 and extensively renovated in 2022, boasts a desirable C4 zoning designation. The three-story structure comprises six rental units, generating substantial monthly income. The upper level features four fully furnished short-term rental units (AirBnB and VRBO), accommodating between 2 and 5 guests each, currently yielding approximately $8,000-$10,000 per month. The main level houses a thriving restaurant (approximately 2,300 square feet) with a full kitchen, dining area, and ample utility space, potentially generating $2,500-$3,000 monthly in rental income if leased. A smaller retail unit (700-900 square feet) on the main level currently rents for $700 per month. The lower level provides valuable storage space. While the property lacks on-site parking, convenient free public parking is readily available across the street. The 0.097-acre lot offers significant potential for future development. This multi-unit property, with its proven rental history and diverse income streams, represents a compelling investment opportunity in a vibrant downtown setting. The asking price is $845,000, translating to $89.23 per square foot.