3601 Hospital StPascagoula, MS 39581

Property Details for 3601 Hospital St

Year built

1978

Lot size

0.09 AC

Property size (Sq ft)

1,600 SF

Property type

Auto shops

APN

41703110.050

APU

41703110050

Description

This exceptional 1,600 square foot mechanic shop, situated at 3601 Hospital Street in Pascagoula, Mississippi, presents a remarkable opportunity for automotive entrepreneurs. Boasting excellent visibility and high traffic counts due to its strategic location, this property ensures a consistent flow of potential customers. The shop is fully equipped, providing a turnkey solution for those seeking to establish or expand their automotive business. Its proximity to major businesses like Singing River Health System, Walmart Supercenter, and Lowe's Home Improvement guarantees a diverse and substantial customer base. The 0.09-acre lot provides ample space for operations and potential expansion. This thriving area offers a blend of residential and commercial activity, creating a strong foundation for a successful automotive enterprise. The property's ready-to-use condition eliminates the need for extensive renovations, allowing for immediate operation and revenue generation. This is an ideal location for mechanics seeking a well-established and high-traffic area to build their business. The asking price is $94,900. Don't miss this chance to secure a prime location for your automotive venture.

• CAP approach

  CAP return

  Valuation

  6%

  $372,984

  6.5%

  $344,293

  7%

  $319,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $307,565

  Geo Method

  $286,635

• Alternative Use

  Use

  Valuation

  Residential

  $290,424

  Hospitality

  $266,027

  Educational

  $221,331

  Medical

  $228,943

  Retail

  $344,293

Location Insight

City

Pascagoula

County

Jackson

State

Mississippi

Latitude

30.3704

Longitude

-88.5337

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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