3508 Highway 371Mantachie, MS 38855

Property Details for 3508 Highway 371

Year built

1960

Lot size

0.20 AC

Property size (Sq ft)

2,916 SF

Property type

Retail space

APN

083-8008-030.00

APU

83800803000

Description

This 0.24-acre commercial property located at 3508 N Hwy 371 in Mantachie, MS, presents a unique investment opportunity. Priced at $179,000, the building boasts a flexible layout suitable for a variety of businesses. Previously utilized as a bakery and restaurant, its adaptable design allows for diverse uses. The property features a large open area perfect for retail or dining, complemented by a separate entrance offering potential for two distinct businesses operating simultaneously. A well-equipped kitchen is included, along with three restrooms and a dedicated office space. A smaller, additional room provides extra versatility. The property's history as both a bakery and restaurant highlights its suitability for food-related businesses, but its adaptable design makes it suitable for a wide range of commercial ventures. Some equipment is included in the sale, adding further value to this promising investment. The information provided is believed to be accurate, but is not warranted. This property offers a compelling opportunity for entrepreneurs and investors seeking a versatile commercial space in a convenient location. The building's size is not specified, but its multiple rooms and adaptable layout make it an attractive option for a variety of commercial uses. The separate entrance adds to the property's flexibility, allowing for independent operations within the same building. The inclusion of some equipment further enhances the value proposition for prospective buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $544,625

  6.5%

  $502,731

  7%

  $466,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,712

  Geo Method

  $591,547

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $981,763

  Mixed-Use / Specialty

  $500,378

  Hospitality / Lodging

  $366,381

  Office

  $496,821

  Institutional / Educational

  $519,991

  Residential Income

  $608,389

  Multifamily

  $732,779

  Automotive / Energy

  $445,706

  Parking / Income-Based Land

  $154,362

  Restaurant / Food Service

  $259,053

  Healthcare / Senior Housing

  $513,703

Location Insight

City

Mantachie

County

Itawamba

State

Mississippi

Latitude

34.3204

Longitude

-88.4896

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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