112 Main StPetal, MS 39465
- Retail space
- 10,484 SF
Property Details for 112 Main St
- Year built
- 1998
- Construction
- WOOD
- Property size (Sq ft)
- 10,484 SF
- Property type
- Retail space
- APN
- 3-030C-02-006.00
- APU
- 3030C0200600
Description
This exceptional free-standing retail property, located at 112 S Main St in Petal, Mississippi, offers 10,484 square feet of space on a 0.44-acre lot. The building is situated in Forrest County, zip code 39465, and is currently available for lease. Its single-tenant occupancy provides a unique opportunity for a business seeking a prominent location with ample space. The property's substantial size allows for a variety of retail uses, providing flexibility for potential tenants. The address, 112 S Main St, ensures high visibility and accessibility for customers. The property's location in Petal, Mississippi offers access to a thriving local market. With its significant square footage and prime location, this property presents a compelling investment opportunity for businesses seeking to establish or expand their presence in the area. The building's single-tenant configuration simplifies management and provides a cohesive retail environment. The 0.44-acre lot offers ample parking and potential for future expansion or outdoor display areas. This is an ideal location for a business seeking a strong presence in a growing community. The property is ready for immediate occupancy, providing a seamless transition for new tenants. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,835,570
- 6.5%
- $1,694,370
- 7%
- $1,573,340
-
Comparable approach
- Method
- Valuation
- Relative Method
- $831,718
- Geo Method
- $775,120
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,230,020
- Mixed-Use / Specialty
- $1,718,300
- Hospitality / Lodging
- $1,299,680
- Office
- $1,739,300
- Institutional / Educational
- $1,797,050
- Residential Income
- $2,102,540
- Multifamily
- $2,355,540
- Automotive / Energy
- $1,540,330
- Parking / Income-Based Land
- $501,939
- Restaurant / Food Service
- $957,658
- Healthcare / Senior Housing
- $1,731,350
Location Insight
- City
- Petal
- County
- Forrest
- State
- Mississippi
- Latitude
- 31.3461
- Longitude
- -89.2634
- CBSA code
- 25620
- CBSA name
- HATTIESBURG, MS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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