2518 Sellers DrMeridian, MS 39301

Property Details for 2518 Sellers Dr

Year built

2003

Construction

STEEL FRAME

Lot size

3.75 AC

Property size (Sq ft)

4,830 SF

Property type

Warehouses

APN

82091000000000600

APU

82091000000000600

Description

This exceptional special-purpose property, located at 2518 Sellers Drive in Lauderdale County, presents a unique investment opportunity. The single-tenant building comprises approximately 800 square feet of well-appointed office space, ideal for a variety of professional uses. The office area features a welcoming reception area, two private offices providing ample space for individual work or client meetings, and a convenient restroom. This thoughtfully designed layout ensures both privacy and efficient workflow. Adding to its versatility, an adjoining 15x40 foot warehouse space is available for an additional monthly rental fee of $150, expanding the property's functionality and potential uses. The property's attractive features are further enhanced by the inclusion of water in the rental price, minimizing operational costs for the tenant. Electricity is the responsibility of the lessee. This turnkey solution offers immediate occupancy and the potential for significant return on investment. The property's strategic location in Lauderdale County provides easy access to major transportation routes and local amenities, making it an attractive proposition for businesses seeking a convenient and functional workspace. This is a rare opportunity to acquire a well-maintained, single-tenant property with excellent potential for growth and profitability. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,809,230

  6.5%

  $1,670,060

  7%

  $1,550,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $575,219

  Geo Method

  $1,507,420

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $855,904

  Mixed-Use / Specialty

  $852,462

  Hospitality / Lodging

  $624,916

  Office

  $846,992

  Institutional / Educational

  $886,078

  Residential Income

  $1,036,710

  Multifamily

  $1,245,540

  Automotive / Energy

  $759,495

  Parking / Income-Based Land

  $262,478

  Restaurant / Food Service

  $442,540

  Healthcare / Senior Housing

  $874,584

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.384

Longitude

-88.6668

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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