1117 Frontage DrWiggins, MS 39577

Property Details for 1117 Frontage Dr

Year built

2004

Construction

STEEL FRAME

Property size (Sq ft)

2,488 SF

Property type

Turn key restaurants

APN

107 -25-001.006

APU

10725001006

Description

This exceptional 2,488 square foot commercial property, located at 1117 E Frontage Drive in Wiggins, Mississippi, presents a unique investment opportunity. Previously operating as a fast-food restaurant, this building boasts excellent highway visibility and convenient access, ensuring high traffic exposure for any future business. The property sits on a 0.49-acre lot, providing ample space for potential expansion or outdoor amenities. While the existing restaurant equipment and signage are being removed (leaving only the sign pole), the building itself is ready for immediate occupancy and offers a multitude of potential uses. A significant advantage is the recently installed flat roof, completed in 2023, eliminating immediate roof replacement concerns and ensuring long-term cost savings. The property's strategic location and adaptable layout make it ideal for a variety of commercial ventures, from retail to office space, or even a complete repurposing. Its easy accessibility and prominent positioning offer a compelling opportunity for entrepreneurs seeking a high-impact location in a growing market. The asking price is $500,000. Serious inquiries are encouraged to explore the possibilities this versatile property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $579,990

  6.5%

  $535,375

  7%

  $497,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $478,263

  Geo Method

  $445,717

• Alternative Use

  Use

  Valuation

  Residential

  $451,609

  Hospitality

  $413,671

  Educational

  $344,170

  Medical

  $356,006

  Retail

  $535,375

Location Insight

City

Wiggins

County

Stone

State

Mississippi

Latitude

30.8414

Longitude

-89.1404

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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