128 Third StPicayune, MS 39466

Property Details for 128 Third St

Year built

1962

Lot size

0.33 AC

Property size (Sq ft)

5,781 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

6176140020403400

APU

6176140020403400

Description

This exceptional commercial property, situated at 128 E Third Street in Picayune, Mississippi, presents a compelling investment opportunity. The 0.1-acre lot, located just half a block from Highway 11 and directly across from the Picayune Train Station, boasts high visibility and accessibility. The property features a substantial 5,781 square foot metal building, strategically positioned on the corner of Third Street and N. Curran Avenue, measuring 145 feet by 100 feet. Recent upgrades include a brand-new roof and insulation, enhancing energy efficiency and longevity. The building itself comprises six bays, providing ample space for various commercial uses, complemented by a 360 square foot office area. Ample parking is available, catering to both employees and customers. The C-2 Downtown Commercial zoning allows for a wide range of business applications, capitalizing on the property's prime location within a high-traffic area. This property offers a unique blend of functionality, location, and recent improvements, making it an ideal investment for discerning buyers seeking a strong foothold in the Picayune commercial market. The building's sturdy metal construction and well-maintained condition ensure long-term value and operational efficiency.

• CAP approach

  CAP return

  Valuation

  6%

  $1,347,637

  6.5%

  $1,243,972

  7%

  $1,155,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,269

  Geo Method

  $1,035,648

• Alternative Use

  Use

  Valuation

  Residential

  $1,049,337

  Hospitality

  $961,187

  Educational

  $799,696

  Medical

  $827,199

  Retail

  $1,243,972

Location Insight

City

Picayune

County

Pearl River

State

Mississippi

Latitude

30.5273

Longitude

-89.6786

CBSA code

38100

CBSA name

PICAYUNE, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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