3955 Clay StVicksburg, MS 39180
- Retail properties
- 4,782 SF
Property Details for 3955 Clay St
- Year built
- 1963
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 4,782 SF
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 095-7 -22 -0120- -0001.00
- APU
- 957220120000100
Description
This exceptional 3.7-acre commercial land parcel, located at 3955 Clay Street in Vicksburg, Mississippi (APN: 0957 22 0120 000100), presents a unique investment opportunity. Currently featuring the existing structures of the former Scottish Inn Motel, this property is zoned for commercial use and offers significant potential for redevelopment. The high-visibility location on Clay Street ensures substantial traffic flow, making it ideally suited for a variety of commercial ventures. Whether you envision a retail center, office complex, or a mixed-use development, this site provides the space and visibility to build a thriving business. The property's substantial size (3.7 acres) allows for ample room for expansion and future development. Its strategic location in Vicksburg, Mississippi, within Warren County, and its convenient zip code (39180) offer easy access to local amenities and transportation routes. This is a rare opportunity to acquire a large, well-located commercial property with significant upside potential. The asking price is $960,000. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,115,825
- 6.5%
- $1,029,993
- 7%
- $956,422
-
Comparable approach
- Method
- Valuation
- Relative Method
- $919,234
- Geo Method
- $939,468
-
Alternative Use
- Use
- Valuation
- Residential
- $868,837
- Hospitality
- $795,850
- Educational
- $662,138
- Medical
- $684,910
- Retail
- $1,029,993
Location Insight
- City
- Vicksburg
- County
- Warren
- State
- Mississippi
- Latitude
- 32.3446
- Longitude
- -90.8385
- CBSA code
- 46980
- CBSA name
- VICKSBURG, MS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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