260 Sgt Prentiss DrNatchez, MS 39120

Property Details for 260 Sgt Prentiss Dr

Year built

1964

Construction

WOOD

Property size (Sq ft)

3,503 SF

Property type

Office properties

APN

0076 0001 0001B

APU

007600010001B

Description

This exceptional 30,000 square foot, Class C commercial property, located at 260 Sgt Prentiss Drive in Natchez, Mississippi (zip code 39120), presents a compelling investment opportunity. Situated on a 2.42-acre lot (APN 104a-6), this single-story, multi-tenant building boasts 100 feet of frontage on Sgt Prentiss Drive (Hwy 61, 84, 98) and an additional 82 feet on Liberty Road, ensuring high visibility and excellent access. Currently 80% occupied, the property features four offices, five restrooms, central air and gas/electric heating systems, a concrete slab floor, and a metal roof. Exterior amenities include multiple loading docks, drive-in doors, and parking for 11-25 vehicles. The building's steel frame and metal siding construction are durable and low-maintenance. Interior features include a showroom and private bathrooms. Utilities include three-phase power, natural gas, public water, sewer, and cable. The property is zoned B-4 and offers excellent potential for remodeling or redevelopment. The asking price is $850,000. Additional information and photos are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $543,777

  6.5%

  $501,948

  7%

  $466,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $267,212

  Geo Method

  $1,048,760

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $982,753

  Retail / Commercial

  $505,021

  Mixed-Use / Specialty

  $504,064

  Hospitality / Lodging

  $370,914

  Institutional / Educational

  $524,325

  Residential Income

  $613,460

  Multifamily

  $731,076

  Automotive / Energy

  $449,421

  Parking / Income-Based Land

  $154,257

  Restaurant / Food Service

  $263,968

  Healthcare / Senior Housing

  $516,043

Location Insight

City

Natchez

County

Adams

State

Mississippi

Latitude

31.5492

Longitude

-91.3736

CBSA code

35020

CBSA name

NATCHEZ, MS-LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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