708 15Th AveLaurel, MS 39440

Property Details for 708 15Th Ave

Year built

1950

Construction

TYPE NOT SPECIFIED

Lot size

0.22 AC

Property size (Sq ft)

1,839 SF

Property type

Office buildings

APN

134O-31-18-008.00

APU

134O311800800

Description

This exceptional commercial property, situated at 708 N 15th Ave. in Laurel, MS, presents a remarkable investment opportunity. Priced at $225,000, this remodeled space offers endless possibilities for a variety of businesses. Its strategic location next to newly constructed Zaxby's and Domino's Pizza ensures high foot traffic and excellent brand visibility. The property benefits from its prominent position on 16th Ave., a high-traffic thoroughfare, guaranteeing significant exposure to potential customers. The adaptable interior makes it ideal for a range of uses, including an insurance office, medical office, spa, hair/barber salon, or retail store. While the square footage is not currently specified, the property's prime location and recent remodeling make it a compelling option for entrepreneurs seeking a thriving commercial space in a bustling area. The absence of an acre lot size does not detract from the property's significant advantages, particularly its high visibility and convenient location within a well-established commercial district. This is a rare opportunity to acquire a remodeled commercial space in a high-traffic area at an attractive price point.

• CAP approach

  CAP return

  Valuation

  6%

  $308,261

  6.5%

  $284,548

  7%

  $264,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,281

  Geo Method

  $358,715

• Alternative Use

  Use

  Valuation

  Residential

  $352,840

  Hospitality

  $323,199

  Educational

  $268,898

  Medical

  $278,146

  Retail

  $418,286

Location Insight

City

Laurel

County

Jones

State

Mississippi

Latitude

31.6973

Longitude

-89.1458

CBSA code

29860

CBSA name

LAUREL, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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