2310 Sunset DrGrenada, MS 38901

Property Details for 2310 Sunset Dr

Year built

2002

Lot size

0.73 AC

Property size (Sq ft)

3,594 SF

Property type

Retail space

APN

091 11 024.06

APU

911102406

Description

This exceptional 3,594 square foot commercial building presents a remarkable opportunity for a discerning investor or entrepreneur. Located at 2310 Sunset Drive in Grenada, Mississippi, this property boasts a highly desirable location, just a quarter-mile from Interstate 55, ensuring exceptional visibility and accessibility. The building, situated on a 0.74-acre lot (APN: 091 11 024.06), is zoned for commercial use and offers a versatile layout ideal for a variety of restaurant concepts or retail businesses. The interior features an open concept design, complemented by two convenient storage areas, two restrooms, and efficient heating and air conditioning. Ample parking is available on three sides of the building, thanks to paved driveways. Additional office space is also included, adding to the property's functionality. Previously utilized as a restaurant and retail supply store, this property is currently vacant and available for immediate occupancy. The asking price is $378,000, and the sale is offered as a net lease. This is a turn-key opportunity in a high-traffic, high-visibility area with significant potential for growth and profitability. Don't miss this chance to secure a prime commercial property in a thriving Mississippi market.

• CAP approach

  CAP return

  Valuation

  6%

  $761,222

  6.5%

  $702,667

  7%

  $652,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $674,994

  Geo Method

  $706,074

• Alternative Use

  Use

  Valuation

  Residential

  $592,726

  Hospitality

  $542,934

  Educational

  $451,714

  Medical

  $467,250

  Retail

  $702,667

Location Insight

City

Grenada

County

Grenada

State

Mississippi

Latitude

33.7874

Longitude

-89.8549

CBSA code

24980

CBSA name

GRENADA, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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