311 Devereaux DrNatchez, MS 39120

Property Details for 311 Devereaux Dr

Year built

1982

Lot size

2.92 AC

Property size (Sq ft)

2,129 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

0035 0001 0006A

APU

003500010006A

Description

This 1,942 square foot retail property is situated on a 0.56-acre lot at 311 Devereaux Drive in Natchez, Mississippi. Its prime location makes it ideal for a variety of businesses, particularly those in the food service or retail sectors. The building offers ample space for a diverse range of operations, providing flexibility for potential tenants to customize the layout to suit their specific needs. The property's prominent location ensures high visibility and accessibility, attracting significant foot traffic and maximizing exposure to potential customers. This presents a unique opportunity for entrepreneurs and established businesses seeking a strategic location to expand or establish their presence in the Natchez market. The asking price is $179,000, representing a compelling investment opportunity in a thriving commercial area. Serious inquiries are encouraged to explore this exceptional retail space and its potential for growth and profitability. The property is being offered directly by the owner.

• CAP approach

  CAP return

  Valuation

  6%

  $428,666

  6.5%

  $395,691

  7%

  $367,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $409,253

  Geo Method

  $1,606,251

• Alternative Use

  Use

  Valuation

  Residential

  $333,781

  Hospitality

  $305,741

  Educational

  $254,373

  Medical

  $263,121

  Retail

  $395,691

Location Insight

City

Natchez

County

Adams

State

Mississippi

Latitude

31.5604

Longitude

-91.3661

CBSA code

35020

CBSA name

NATCHEZ, MS-LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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