2492 Highway 446Boyle, MS 38730

Property Details for 2492 Highway 446

Lot size

1.46 AC

Property size (Sq ft)

1,764 SF

Property type

Retail space

APN

34-36-900-00-00901-

APU

34369000000901

Description

This exceptional 2.42-acre commercial land parcel, situated at 2492 Highway 446 in Boyle, Mississippi (zip code 38730), presents a compelling investment prospect. Currently generating approximately $2,950 in monthly rental income from eight established trailer sites and RV hookups, this property offers significant upside potential. The existing infrastructure provides a solid foundation for immediate returns, while the ample land allows for expansion. Adding more trailer spaces or further developing the RV hookups could substantially increase monthly or even nightly income. The property's location just outside of Boyle offers a convenient yet tranquil setting, minutes away from local amenities such as restaurants and bowling alleys. Bolivar County's favorable business climate and the property's strong cash flow make this a highly attractive investment for those seeking a stable and potentially high-growth opportunity in the Mississippi market. The asking price for this income-producing land is $150,000. This represents a rare chance to acquire a well-established, cash-flowing commercial property with considerable room for future development and increased profitability. The property's coordinates are 33.7042683 latitude and -90.7658154 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $373,622

  6.5%

  $344,882

  7%

  $320,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,446

  Geo Method

  $346,554

• Alternative Use

  Use

  Valuation

  Residential

  $290,921

  Hospitality

  $266,482

  Educational

  $221,710

  Medical

  $229,335

  Retail

  $344,882

Location Insight

City

Boyle

County

Bolivar

State

Mississippi

Latitude

33.7043

Longitude

-90.766

CBSA code

17380

CBSA name

CLEVELAND, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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