3341 Highway 49Florence, MS 39073

Property Details for 3341 Highway 49

Year built

1998

Lot size

0.54 AC

Property size (Sq ft)

4,740 SF

Property type

Retail space

APN

E04 000005 00030

APU

E0400000500030

Description

This 4,740 square foot commercial building is situated on a 0.54-acre lot at 3341 Highway 49 in Florence, Mississippi. Currently generating passive income through two established tenants, this property presents a compelling investment opportunity. One tenant has enjoyed a stable four-and-a-half-year lease, demonstrating the building's appeal and location advantages. A recently secured new tenant further solidifies the property's consistent revenue stream. The building's prime Highway 49 location ensures high visibility and accessibility, attracting a diverse customer base. This makes it an ideal investment for those seeking a reliable and profitable commercial property with established tenancy. The property's size and existing leases offer immediate returns, minimizing vacancy risks and maximizing potential for long-term growth. The asking price is $325,000. This represents a strong return on investment given the current lease agreements and the strategic location. Serious inquiries are encouraged to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,093,401

  6.5%

  $1,009,293

  7%

  $937,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $911,160

  Geo Method

  $2,329,953

• Alternative Use

  Use

  Valuation

  Residential

  $851,376

  Hospitality

  $779,856

  Educational

  $648,831

  Medical

  $671,146

  Retail

  $1,009,293

Location Insight

City

Florence

County

Rankin

State

Mississippi

Latitude

32.1455

Longitude

-90.1077

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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