1001 2Nd StBooneville, MS 38829

Property Details for 1001 2Nd St

Year built

1972

Lot size

0.91 AC

Property size (Sq ft)

4,320 SF

Property type

Office buildings

APN

06021404 01102

APU

602140401102

Description

This exceptional 0.81-acre commercial lot is situated on a prime location in Booneville, Mississippi, boasting significant frontage on the main thoroughfare. Its high visibility and easy accessibility make it an ideal site for a diverse range of commercial ventures. The property is conveniently located directly across from the Northeast Mississippi Community College campus, ensuring a consistent flow of potential customers. The lot is already paved, eliminating significant upfront development costs. This presents a rare opportunity to establish a business in a thriving area with substantial foot and vehicle traffic. Given its size and location, this property is suitable for a variety of commercial uses, from retail establishments and restaurants to professional offices and service businesses. The high traffic volume and proximity to the college campus guarantee excellent exposure and a strong potential customer base. All information provided is subject to verification. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $683,073

  6.5%

  $630,529

  7%

  $585,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $543,101

  Geo Method

  $842,659

• Alternative Use

  Use

  Valuation

  Residential

  $781,856

  Hospitality

  $716,176

  Educational

  $595,850

  Medical

  $616,342

  Retail

  $926,877

Location Insight

City

Booneville

County

Prentiss

State

Mississippi

Latitude

34.673

Longitude

-88.5627

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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