2224 Columbia AvePrentiss, MS 39474

Property Details for 2224 Columbia Ave

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

1,510 SF

Property type

Office properties

APN

3 048G 01 105 00

APU

3048G0110500

Description

This exceptional commercial property presents a rare opportunity for redevelopment in the heart of Prentiss, Mississippi. Located at 2224 Columbia, this 0-acre lot offers a blank canvas for ambitious entrepreneurs and savvy investors seeking a high-return project. Priced at an incredibly attractive $20,000, this property represents a significant value proposition in the current market. The existing structure requires a complete rebuild, allowing for complete customization to suit a wide range of business needs. Its central downtown location ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The property's potential is virtually limitless, offering the chance to create a modern, efficient, and profitable business space in a vibrant community. This is a unique chance to acquire a substantial commercial property at a fraction of its potential value. The low purchase price makes this an exceptionally attractive investment opportunity for those with a vision for revitalizing a key downtown location. Don't miss this chance to shape the future of Prentiss's commercial landscape. Act quickly, as opportunities like this are rare.

• CAP approach

  CAP return

  Valuation

  6%

  $216,344

  6.5%

  $199,702

  7%

  $185,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,184

  Geo Method

  $219,766

• Alternative Use

  Use

  Valuation

  Residential

  $247,631

  Hospitality

  $226,828

  Educational

  $188,719

  Medical

  $195,209

  Retail

  $293,562

Location Insight

City

Prentiss

County

Jefferson Davis

State

Mississippi

Latitude

31.5996

Longitude

-89.8657

Property Tax & Assessments

FAQs

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