202 2Nd StBooneville, MS 38829

Property Details for 202 2Nd St

Year built

1993

Property size (Sq ft)

3,600 SF

Property type

Office buildings

APN

06021009 22100

APU

602100922100

Description

This exceptional commercial property, located at 202 N 2nd St. in Booneville, MS, presents a unique investment opportunity. Situated in Booneville's busiest commercial district, this property boasts high visibility and significant foot traffic, ensuring maximum exposure for your business. The property encompasses two distinct units, offering flexibility and potential for diverse uses. The larger unit, spanning approximately 2,520 square feet, is ideally suited for medical or professional services. Its well-designed layout includes a spacious reception/waiting area, multiple offices/work areas, exam rooms, and ample storage, reflecting its previous use as an optometrist's office. The smaller unit, at approximately 10,80 square feet, is currently leased, generating immediate rental income. This provides a stable cash flow stream alongside the potential for your own business operations in the larger space. The property sits on a half-acre lot and includes approximately 10,000 square feet of concrete parking, providing convenient and ample parking for customers and employees. This prime commercial space offers a rare opportunity to establish or expand your business in a thriving Booneville location. The asking price for this exceptional property is $560,000.

• CAP approach

  CAP return

  Valuation

  6%

  $569,229

  6.5%

  $525,442

  7%

  $487,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $384,826

  Geo Method

  $702,216

• Alternative Use

  Use

  Valuation

  Residential

  $651,548

  Hospitality

  $596,814

  Educational

  $496,543

  Medical

  $513,619

  Retail

  $772,400

Location Insight

City

Booneville

County

Prentiss

State

Mississippi

Latitude

34.6591

Longitude

-88.5664

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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