2033 Old Mobile AvePascagoula, MS 39567

Property Details for 2033 Old Mobile Ave

Year built

1966

Lot size

0.63 AC

Property size (Sq ft)

2,808 SF

Property type

Office buildings

APN

41780154.005

APU

41780154005

Description

This exceptional 5,500 square foot commercial property, situated on a 0.63-acre lot at 2033 Old Mobile Avenue in Pascagoula, MS, presents a unique investment opportunity. Its central location boasts heavy traffic flow and high visibility, capitalizing on Pascagoula's significant economic expansion, including several large-scale mixed-use retail developments. The property features three street-facing office suites at the front, ideal for retail or professional businesses. A substantial metal building at the rear offers significant additional space, perfect for storage, workshops, or expansion. The versatility of this property allows for a multitude of uses, including but not limited to retail shops, business offices, automotive sales, or a body shop. The existing office suites provide immediate income potential, while the large metal building offers ample space for expansion or leasing, maximizing return on investment. This property's prime location and adaptable layout make it an attractive prospect for savvy investors seeking a strong foothold in a thriving market. The combination of high visibility, multiple income streams, and the potential for diverse uses makes this a truly exceptional commercial property. Don't miss this chance to secure a piece of Pascagoula's burgeoning commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $445,297

  6.5%

  $411,043

  7%

  $381,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,197

  Geo Method

  $199,621

• Alternative Use

  Use

  Valuation

  Residential

  $509,694

  Hospitality

  $466,877

  Educational

  $388,436

  Medical

  $401,795

  Retail

  $604,234

Location Insight

City

Pascagoula

County

Jackson

State

Mississippi

Latitude

30.3673

Longitude

-88.5426

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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