1612 35Th AveMeridian, MS 39301

Property Details for 1612 35Th Ave

Year built

1950

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

2,982 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

71124035100700400

APU

71124035100700400

Description

This exceptional special purpose property, located at 1612 35th Avenue in Meridian, Mississippi, presents a unique investment opportunity. The asking price is $139,900. Situated in Lauderdale County, zip code 39301, this property is conveniently located at 32.373659 latitude and -88.7128337 longitude. The property's designation is "BROWN SUR BLOCK 17 LOT6&S1\/4 LOT7," indicating its specific parcel within the larger land area. The property type is classified as "Special Purpose," suggesting its suitability for a variety of non-traditional uses. Given its classification and location, potential buyers should conduct their own due diligence to determine the most suitable and profitable development plan. This could include, but is not limited to, commercial, industrial, or other specialized projects. The property's size and zoning regulations will need to be verified independently to ensure compliance with any intended development. This is an excellent opportunity for an investor seeking a unique property with significant redevelopment potential in a growing Mississippi market. Serious inquiries are encouraged to explore the possibilities of this unique land parcel. Further information regarding the property's exact dimensions and zoning restrictions can be obtained through the appropriate channels.

• CAP approach

  CAP return

  Valuation

  6%

  $488,608

  6.5%

  $451,023

  7%

  $418,807

• Comparable approach

  Method

  Valuation

  Relative Method

  $255,285

  Geo Method

  $668,919

• Alternative Use

  Use

  Valuation

  Residential

  $572,142

  Hospitality

  $524,079

  Educational

  $436,027

  Medical

  $451,023

  Retail

  $678,265

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3735

Longitude

-88.7128

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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