372 Road 1438Tupelo, MS 38804
- Retail properties
- 4,200 SF
Property Details for 372 Road 1438
- Year built
- 2002
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 4,200 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 086V-24-033-01
- APU
- 086V2403301
Description
This В±7100 square foot warehouse presents a unique investment opportunity in Tupelo, Mississippi. Situated on approximately one acre of land, this unzoned property boasts significant road frontage of roughly 205 feet, offering excellent visibility and accessibility. Located just one mile from the I-22 and Auburn Road interchange, this location provides convenient access to major transportation routes. The warehouse features a drive-in door, an existing office space, and a restroom, showcasing its adaptability to various uses. The property also benefits from installed electrical power boxes and access to a 3-phase power pole. Previous improvements by a tenant included interior renovations planned for a grower facility and office setup, suggesting potential for various commercial or industrial applications. The expansive space could easily accommodate a corporate office and warehouse, an automobile body shop, a private workshop, or even a residential barndominium, depending on future development and permitting. The property's location outside Tupelo city limits offers potential cost savings and flexibility in development plans. This versatile property is priced at $325,000 and presents a compelling opportunity for a wide range of businesses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,005,480
- 6.5%
- $928,136
- 7%
- $861,840
-
Comparable approach
- Method
- Valuation
- Relative Method
- $770,348
- Geo Method
- $2,064,515
-
Alternative Use
- Use
- Valuation
- Residential
- $782,917
- Hospitality
- $717,148
- Educational
- $596,659
- Medical
- $617,179
- Retail
- $928,136
Location Insight
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Latitude
- 34.2847
- Longitude
- -88.6311
- CBSA code
- 46180
- CBSA name
- TUPELO, MS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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