820 Leake StTupelo, MS 38804

Property Details for 820 Leake St

Year built

1988

Property size (Sq ft)

4,716 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

089J-31-041-01

APU

089J3104101

Description

This versatile 10-room, 4-bathroom commercial property, situated on a 0.76-acre lot at 820 Leake St. in Tupelo, MS, presents a compelling investment opportunity. Its convenient location, just off North Gloster St., ensures excellent accessibility and visibility. The ample parking available caters to both staff and clients, a significant advantage for a variety of commercial uses. The building's layout, with its ten rooms and four bathrooms, is ideally suited for a range of businesses, including but not limited to daycare centers or office spaces. The property's size and configuration offer flexibility for customization to meet specific operational needs. The asking price is $419,000. While the square footage is currently unavailable, the substantial lot size and the building's robust structure suggest significant potential. All information provided is subject to verification. This property represents a rare chance to acquire a well-positioned commercial building in a thriving Tupelo location. Serious inquiries are encouraged to explore this promising investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $728,962

  6.5%

  $672,888

  7%

  $624,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,756

  Geo Method

  $1,057,888

• Alternative Use

  Use

  Valuation

  Residential

  $853,587

  Hospitality

  $781,881

  Educational

  $650,516

  Medical

  $672,888

  Retail

  $1,011,914

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2633

Longitude

-88.7168

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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