437 Magnolia StLaurel, MS 39440

Property Details for 437 Magnolia St

Year built

1919

Lot size

0.09 AC

Property size (Sq ft)

5,760 SF

Property type

Office buildings

APN

118Y-05-13-005.00

APU

118Y051300500

Description

This exceptional 9,470 square foot multi-use building is situated in Laurel, Mississippi's vibrant Central Business District at 437 N Magnolia St. The property presents a rare investment opportunity, blending historical character with modern functionality. The building's diverse layout offers significant income potential through a mix of established tenants. Upstairs, four charming units are currently generating revenue as nightly rentals, providing a consistent stream of income. On the ground floor, a successful home-style breakfast restaurant occupies one unit, while the adjacent space serves as a retail outlet, benefitting from high foot traffic in a prime location. A substantial basement provides ample storage space, adding to the property's versatility. The building's location offers the added convenience of free public parking directly across the street, enhancing its appeal to both tenants and customers. This is an exceptional opportunity to acquire a well-established, income-producing property in a thriving downtown area. The asking price is $845,000. This property is ideal for investors seeking a strong return on investment or entrepreneurs looking to establish their business in a high-visibility location. The combination of established rental income and the potential for further development makes this a truly unique and compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $965,515

  6.5%

  $891,244

  7%

  $827,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $439,378

  Geo Method

  $1,123,546

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,143

  Hospitality

  $1,012,305

  Educational

  $842,226

  Medical

  $871,191

  Retail

  $1,310,129

Location Insight

City

Laurel

County

Jones

State

Mississippi

Latitude

31.694

Longitude

-89.129

CBSA code

29860

CBSA name

LAUREL, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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