615 13Th AveLaurel, MS 39440

Property Details for 615 13Th Ave

Year built

1935

Construction

STEEL FRAME

Lot size

0.33 AC

Property size (Sq ft)

2,331 SF

Property type

Office buildings

APN

119B-06-01-007.00

APU

119B060100700

Description

This exceptional commercial property, located at 615 N 13th Ave. in Laurel, MS, presents a unique investment opportunity. Priced at $175,000, the building offers significant potential for a variety of uses. Currently configured as office space, it's ideally suited for businesses such as insurance agencies, real estate firms, or sales operations. The adaptable layout allows for easy modification to accommodate alternative uses, including a daycare center or a senior care facility. A key advantage is the presence of a section built on a concrete foundation, ensuring stability and durability. Ample visitor parking is available, enhancing convenience for clients and employees. The property's prime location in Laurel ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in the local market. This is a rare chance to acquire a versatile commercial property with excellent potential for growth and return on investment. The property is offered as-is. Serious inquiries are encouraged. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $390,732

  6.5%

  $360,675

  7%

  $334,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,811

  Geo Method

  $454,685

• Alternative Use

  Use

  Valuation

  Residential

  $447,238

  Hospitality

  $409,667

  Educational

  $340,838

  Medical

  $352,560

  Retail

  $530,193

Location Insight

City

Laurel

County

Jones

State

Mississippi

Latitude

31.6963

Longitude

-89.1425

CBSA code

29860

CBSA name

LAUREL, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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