801 Highway 11Picayune, MS 39466

  • Retail properties
  • 45,886 SF
For Lease
$14/SF/YR View listing

Property Details for 801 Highway 11

Year built
1992
Construction
WOOD
Lot size
211.57 AC
Property size (Sq ft)
45,886 SF
Property type
Retail properties
Property subtype
Retail space
APN
6176140030501401
APU
6176140030501401

Description

This exceptional retail and office space, located at 801 Hwy 11 S in Picayune, Mississippi, 39466, offers two available suites ranging from 2,162 to 2,914 square feet. Suite A, a spacious 2,900 square foot unit, boasts a large open area, two restrooms, and a striking glass window front. Currently undergoing a complete renovation, this suite will feature a brand-new HVAC system, updated restroom sink cabinets and fixtures, new lighting, and fresh flooring, making it the most attractive retail or office space in Picayune. Tenants have the opportunity to select the paint color for the entire space. The property benefits from ample parking directly in front. Its strategic corner location at Memorial Blvd provides high visibility and convenient access to I-59 and Highway 11 South, ensuring significant traffic flow. This thriving shopping center is anchored by established businesses including Wendy's, Logan's Chicken, Hancock Whitney Bank, Pizza Hut, Crosby's Furniture, Progressive Insurance, and MedCentris. Tenants are responsible for electricity, phone, and internet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,696,706
    6.5%
    $9,873,882
    7%
    $9,168,605
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,820,566
    Geo Method
    $8,220,330
  • Alternative Use

    Use
    Valuation
    Residential
    $8,328,989
    Hospitality
    $7,629,310
    Educational
    $6,347,496
    Medical
    $6,565,796
    Retail
    $9,873,882
801 Highway 11, Picayune, Mississippi

Location Insight

City
Picayune
County
Pearl River
State
Mississippi
Latitude
30.5181
Longitude
-89.6806
CBSA code
38100
CBSA name
PICAYUNE, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
-
-
-
$275,000
$1,922,730
$2,197,730

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].