5026 Cliff Gookin BlvdTupelo, MS 38801

Property Details for 5026 Cliff Gookin Blvd

Year built

1989

Construction

WOOD

Property size (Sq ft)

6,800 SF

Property type

Office buildings

APN

102T-03-028-00

APU

102T0302800

Description

This exceptional commercial property, located at 5026 Cliff Gookin Blvd in Tupelo, Mississippi, presents a unique investment opportunity. The 6,800 square foot office building sits on a 1.08-acre lot, offering significant potential for various uses. Priced at $850,000 ($125 per square foot), this property is ideally suited for investors seeking a strong return. The building's design allows for easy subdivision, making it adaptable to multiple tenants or businesses. Conveniently located in a high-growth corridor, the property benefits from its proximity to a new high school (1.5 miles north) and a new Brooks Grocery store (currently under construction, located south). The building features restrooms located at each end for optimal convenience. Furthermore, a backup generator ensures uninterrupted operations during power outages. This prime location and versatile design make this property an attractive investment in a thriving Mississippi market. The property's zip code is 38801, and it's situated in Lee County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,075,270

  6.5%

  $992,557

  7%

  $921,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $494,970

  Geo Method

  $1,326,408

• Alternative Use

  Use

  Valuation

  Residential

  $1,230,770

  Hospitality

  $1,127,379

  Educational

  $937,966

  Medical

  $970,224

  Retail

  $1,459,059

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2422

Longitude

-88.7707

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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