4364 Highway 51Senatobia, MS 38668

  • Medical offices
  • 4,290 SF
For Sale
$495,000 View listing

Property Details for 4364 Highway 51

Year built
1937
Lot size
1.20 AC
Property size (Sq ft)
4,290 SF
Property type
Medical offices
Property subtype
Medical centers
APN
099G16 0000700
APU
099G160000700

Description

This exceptional commercial property presents a compelling investment opportunity in the thriving town of Senatobia, Mississippi. Situated on a 1.2-acre lot within the historic district, this property boasts a 4,290 square foot main building, providing ample space for a variety of business ventures. The strategic location just south of the newly constructed roundabout at US 51 and West Main Street ensures high visibility and accessibility, maximizing exposure to a substantial volume of traffic. Adding to its versatility, the property includes a separate storage building, offering additional space for inventory, equipment, or other operational needs. Furthermore, the property offers an expansive 5,000 square feet of parking, ensuring convenient access for customers and employees. The property is being sold "AS IS," presenting a unique chance for buyers to customize and develop the space to perfectly suit their business needs. Given its size, location, and versatile features, this property is ideally suited for a wide range of commercial uses, making it an attractive investment for both established businesses and entrepreneurs seeking a prime location in a growing community. The property's location within the historic district adds to its charm and potential for attracting customers. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $618,121
    6.5%
    $570,573
    7%
    $529,818
  • Comparable approach

    Method
    Valuation
    Relative Method
    $334,448
    Geo Method
    $334,448
  • Alternative Use

    Use
    Valuation
    Residential
    $707,511
    Hospitality
    $648,076
    Educational
    $539,192
    Medical
    $557,735
    Retail
    $838,743

Location Insight

City
Senatobia
County
Tate
State
Mississippi
Latitude
34.6165
Longitude
-89.968
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,593
$5,400
$37,903
$43,303
-
$36,000
$252,684
$288,684

FAQs

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