307 Pearson RdPearl, MS 39208

Property Details for 307 Pearson Rd

Year built

1986

Lot size

0.29 AC

Property size (Sq ft)

3,516 SF

Property type

Office properties

Property subtype

Office buildings

APN

E08I000017 00020

APU

E08I00001700020

Description

This single-story, 3,344 square foot building at 307 South Pearson Road in Pearl, Mississippi, presents a compelling investment opportunity. Built in 1986, this Class C property sits on a 0.29-acre lot and features one loading dock. The property is zoned C-2, allowing for flexibility in its use. Its strategic location in a high-traffic retail corridor, just a quarter-mile from Interstate 20, ensures excellent visibility and accessibility. The building's executive office and flex space configuration offers adaptability for a variety of businesses. The asking price is $240,000. This property is ideal for an owner-occupier or investor seeking to capitalize on the growth of Pearl, Mississippi. The ample space and favorable zoning provide a solid foundation for a thriving business or rental income. The property's single-tenancy status offers simplicity and control. This is a value-add opportunity with potential for customization to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $589,366

  6.5%

  $544,030

  7%

  $505,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,204

  Geo Method

  $685,831

• Alternative Use

  Use

  Valuation

  Residential

  $674,598

  Hospitality

  $617,928

  Educational

  $514,109

  Medical

  $531,790

  Retail

  $799,725

Location Insight

City

Pearl

County

Rankin

State

Mississippi

Latitude

32.2692

Longitude

-90.1363

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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