1942 Highway 15Pontotoc, MS 38863

Property Details for 1942 Highway 15

Year built

2001

Lot size

1.00 AC

Property size (Sq ft)

1,000 SF

Property type

Office buildings

APN

109 -30-000-002.07

APU

1093000000207

Description

This exceptional 3.8-acre commercial property, located at 1942 Hwy 15 North in Pontotoc, MS, presents a unique investment opportunity. Situated on a high-traffic corner lot, this property boasts excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Currently utilized as a car lot, the existing building, measuring approximately 100 feet by 80 feet, offers ample space for immediate use. However, the versatile layout and prime location lend themselves to numerous other commercial applications. The property's potential extends beyond its current use

• CAP approach

  CAP return

  Valuation

  6%

  $153,405

  6.5%

  $141,605

  7%

  $131,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,801

  Geo Method

  $77,960

• Alternative Use

  Use

  Valuation

  Residential

  $175,590

  Hospitality

  $160,840

  Educational

  $133,817

  Medical

  $138,419

  Retail

  $208,159

Location Insight

City

Pontotoc

County

Pontotoc

State

Mississippi

Latitude

34.2764

Longitude

-89.0239

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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