4350 Leisure Time DrDiamondhead, MS 39525

Property Details for 4350 Leisure Time Dr

Year built

1987

Property size (Sq ft)

1,349 SF

Property type

Office buildings

APN

132H-1-03-003.025

APU

132H103003025

Description

This meticulously remodeled 1,349 square foot office building presents a unique investment opportunity in the heart of Diamondhead's business district. Strategically located across from a fitness center, this property boasts high visibility and increased foot traffic, ensuring optimal exposure for your business or tenants. The building's intelligent redesign allows for dual occupancy, with each of the two units featuring its own private entrance and a half-bath. Luxury vinyl flooring throughout adds a touch of sophistication. The property sits on a 0.18-acre lot and is not subject to Diamondhead Property Owners Association dues, eliminating additional costs. A significant advantage for potential buyers is the inclusion of a transferable two-year termite warranty, providing peace of mind. Furthermore, a readily available survey is included in the property documents, offering complete transparency regarding the property's boundaries. This versatile space is suitable for a wide range of commercial uses, making it an ideal investment for both seasoned entrepreneurs and first-time buyers. The asking price is $225,000. Don't miss this chance to own a prime commercial property in a thriving Mississippi coastal community.

• CAP approach

  CAP return

  Valuation

  6%

  $213,926

  6.5%

  $197,471

  7%

  $183,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,903

  Geo Method

  $95,900

• Alternative Use

  Use

  Valuation

  Residential

  $244,864

  Hospitality

  $224,294

  Educational

  $186,610

  Medical

  $193,027

  Retail

  $290,282

Location Insight

City

Diamondhead

County

Hancock

State

Mississippi

Latitude

30.3764

Longitude

-89.3804

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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