801 Highway 11Picayune, MS 39466

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 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

• 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

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

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