2208 Mclaurin StWaveland, MS 39576

Property Details for 2208 Mclaurin St

Year built

1997

Property size (Sq ft)

5,535 SF

Property type

Office properties

Property subtype

Office buildings

APN

137M-2-35-049.000

APU

137M235049000

Description

This exceptional 5,535 square foot commercial building presents a lucrative investment opportunity in the heart of Waveland, Mississippi. Situated on a spacious 1.84-acre lot at 2208 McLaurin Street, this property boasts a highly desirable C3 Hwy Commercial zoning designation. Currently generating income with existing tenants, this versatile space offers numerous possibilities for a wide range of businesses. The building features multiple offices, ample parking to accommodate customers and staff, separate restrooms for men and women, two convenient kitchenettes, two welcoming lobby areas, and dedicated conference rooms. Its prime location on McLaurin Street ensures high visibility and accessibility, making it an ideal choice for businesses seeking a thriving commercial environment. The property's substantial size and diverse layout provide flexibility for various business models, offering a strong return on investment. This is a rare chance to acquire a well-established, income-producing commercial property in a rapidly growing area. Don't miss this opportunity to establish your business in the vibrant community of Waveland. The property is ready for immediate occupancy and offers a turnkey solution for entrepreneurs and investors alike. The existing infrastructure and tenant base provide a solid foundation for future growth and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $877,749

  6.5%

  $810,230

  7%

  $752,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $422,215

  Geo Method

  $393,483

• Alternative Use

  Use

  Valuation

  Residential

  $1,004,685

  Hospitality

  $920,286

  Educational

  $765,667

  Medical

  $791,999

  Retail

  $1,191,037

Location Insight

City

Waveland

County

Hancock

State

Mississippi

Latitude

30.306

Longitude

-89.3753

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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