3501 Chicot StPascagoula, MS 39581

Property Details for 3501 Chicot St

Lot size

0.27 AC

Property type

Gas stations

APN

41555060.000

APU

41555060000

Description

This exceptional investment opportunity presents a prime gas station site located at 3501 Chicot St, Pascagoula, Mississippi, 39581. The property is zoned for General Commercial use and offers significant potential for a variety of commercial ventures. Currently configured as a gas station, the sale price is $150,000. The property includes two parcels, with APN numbers 41555059.000 and 41555058.000. Please note that an ice-making facility currently situated on the property is excluded from this sale and will be separated prior to closing. The final size of the property to be conveyed will be determined at the time of contract. This adjustment will not affect the overall asking price of $150,000. This location in Jackson County offers excellent visibility and accessibility, making it an ideal location for a thriving business. The property's strategic positioning within Pascagoula presents a unique opportunity for investors seeking a high-return commercial investment in a growing market. Detailed information regarding the exact dimensions of the property after the exclusion of the ice-making facility will be provided during the due diligence period. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,741,663

  6.5%

  $2,530,766

  7%

  $2,349,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,260,792

  Geo Method

  $2,106,946

• Alternative Use

  Use

  Valuation

  Residential

  $2,134,796

  Hospitality

  $1,955,462

  Educational

  $1,626,921

  Medical

  $1,682,873

  Retail

  $2,530,766

Location Insight

City

Pascagoula

County

Jackson

State

Mississippi

Latitude

30.3696

Longitude

-88.5261

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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