413 Central AveWiggins, MS 39577

Property Details for 413 Central Ave

Year built

1984

Lot size

0.25 AC

Property size (Sq ft)

3,600 SF

Property type

Retail space

APN

106F -04-041.000

APU

106F04041000

Description

This exceptional commercial property, located at 413 W Central Avenue Unit A/B in Wiggins, Mississippi, boasts an unparalleled location at the intersection of Hall Street and Highway 26, ensuring maximum visibility to high daily traffic volumes. The 3,600 square foot building comprises two distinct units, each offering significant advantages for a variety of business types. Unit A, currently leased to a thriving clothing boutique, provides a consistent stream of foot traffic and demonstrates the property's strong retail potential. This unit includes ample storage and a dedicated bathroom. Unit B, previously occupied by a hair salon, nail salon, and florist, offers a versatile space ideal for a diverse range of businesses, from retail to office or service-based operations. This larger unit also features substantial storage and a bathroom. The property sits on a 0.25-acre lot, providing ample space for potential expansion or outdoor activities. The asking price for this turnkey opportunity is $265,000. This property presents a rare chance to acquire a well-situated, adaptable commercial space with proven success and significant upside potential. All information should be independently verified by the buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $839,213

  6.5%

  $774,658

  7%

  $719,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $692,020

  Geo Method

  $644,928

• Alternative Use

  Use

  Valuation

  Residential

  $653,453

  Hospitality

  $598,560

  Educational

  $497,995

  Medical

  $515,122

  Retail

  $774,658

Location Insight

City

Wiggins

County

Stone

State

Mississippi

Latitude

30.8521

Longitude

-89.142

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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