11505 Cinema DrD'Iberville, MS 39540
- Retail properties
- 24,384 SF
Property Details for 11505 Cinema Dr
- Year built
- 2008
- Lot size
- 2.90 AC
- Property size (Sq ft)
- 24,384 SF
- Property type
- Retail properties
- Property subtype
- Super regional malls
- APN
- 1408K-01-001.005
- APU
- 1408K01001005
Description
This exceptional single-tenant retail property, located at 11505 Cinema Drive in D'Iberville, MS, presents a unique investment opportunity. Built in 2008, this 1-story building sits on a generous 2.9-acre lot and is zoned C-3, offering flexibility for a variety of commercial uses. The property features a single suite with a flexible floor plan ranging from 1,400 to 4,000 square feet, ideal for a new business or expansion. Its strategic location within the vibrant Lakeview Village ensures high visibility and accessibility, surrounded by a thriving mix of national and local retailers, restaurants, and banking institutions. The property benefits from its proximity to "The Promenade," a premier retail development boasting major anchors such as Target, Dick's Sporting Goods, Ashley HomeStore, and Hobby Lobby, guaranteeing significant foot traffic and consumer presence. The property's APN is 1408k-01-001.005, and it is situated in Harrison County. This is a rare chance to establish a presence in a high-demand retail area with excellent growth potential. The property's single-tenant occupancy provides ease of management and potential for strong rental income. Don't miss this opportunity to secure a prime location in a rapidly growing market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,684,272
- 6.5%
- $5,247,020
- 7%
- $4,872,232
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,687,284
- Geo Method
- $4,368,316
-
Alternative Use
- Use
- Valuation
- Residential
- $4,426,058
- Hospitality
- $4,054,245
- Educational
- $3,373,084
- Medical
- $3,489,090
- Retail
- $5,247,020
Location Insight
- City
- Diberville
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.4566
- Longitude
- -88.8868
- CBSA code
- 25060
- CBSA name
- GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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