4715 24Th PlMeridian, MS 39305

Property Details for 4715 24Th Pl

Year built

2016

Property size (Sq ft)

4,000 SF

Property type

Medical offices

Property subtype

Medical centers

APN

139312168200100200

APU

139312168200100200

Description

This exceptional single-tenant office building, located at 4715 24th Place in North Meridian, Mississippi, presents a unique investment opportunity. The property, classified as Special Purpose, boasts a total of one suite, ideal for a single business or professional practice. The building features a welcoming waiting room and reception area, providing a professional first impression for clients and visitors. Four private offices offer ample space for individual work or team collaboration, ensuring privacy and productivity. A convenient breakroom provides a comfortable space for employees to relax and recharge. Accessibility is ensured with the inclusion of two handicap-accessible bathrooms. Beyond the private offices, a large open work area offers flexibility for various operational needs, accommodating a diverse workforce or adaptable workspace configurations. Recently painted, the entire building is in excellent condition, minimizing immediate maintenance needs and maximizing return on investment. The property is situated in Lauderdale County, Mississippi, with the precise address being 4715 24th Place, Meridian, MS 39305. This location offers easy access to local amenities and transportation routes, enhancing its appeal to both employees and clients. The building's layout and features make it suitable for a wide range of professional uses, presenting a compelling opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $759,896

  6.5%

  $701,442

  7%

  $651,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $297,762

  Geo Method

  $780,240

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,383,070

  Retail / Commercial

  $708,823

  Mixed-Use / Specialty

  $705,973

  Hospitality / Lodging

  $517,529

  Institutional / Educational

  $733,812

  Residential Income

  $858,560

  Multifamily

  $1,031,500

  Automotive / Energy

  $628,982

  Parking / Income-Based Land

  $217,373

  Restaurant / Food Service

  $366,492

  Healthcare / Senior Housing

  $724,293

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.4071

Longitude

-88.7037

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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