1310 Goodman RdSouthaven, MS 38671

Property Details for 1310 Goodman Rd

Year built

1969

Lot size

0.73 AC

Property size (Sq ft)

3,837 SF

Zone code

PUD

Property type

Office properties

APN

1-07-9-29-13-0-00010-00

APU

1079291300001000

Description

This 3,754 square foot retail property, situated on a 0.73-acre lot in Southaven, Mississippi, presents a unique investment opportunity. Zoned PUD (Planned Unit Development), the property offers considerable flexibility. Currently featuring a studio ideal for uses such as dance or yoga, the space also includes additional office areas with a separate east-side entrance. The existing structure provides multiple income streams, and the property's zoning allows for the construction of an additional building on the south side, significantly expanding its potential. Located on the highly trafficked Goodman Road, this property benefits from excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The existing building's versatile layout and the potential for expansion make this a truly exceptional opportunity for an investor seeking a high-return property in a thriving Southaven location. The property's PUD zoning ensures a wide range of development possibilities, allowing for creative adaptation to meet diverse business needs. This is a rare chance to acquire a well-positioned commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $552,851

  6.5%

  $510,324

  7%

  $473,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,133

  Geo Method

  $299,133

• Alternative Use

  Use

  Valuation

  Residential

  $632,802

  Hospitality

  $579,643

  Educational

  $482,256

  Medical

  $498,842

  Retail

  $750,176

Location Insight

City

Southaven

County

Desoto

State

Mississippi

Latitude

34.9636

Longitude

-89.9668

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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