1119 Frontage DrWiggins, MS 39577

Property Details for 1119 Frontage Dr

Year built

2005

Construction

WOOD

Lot size

2.40 AC

Property size (Sq ft)

9,198 SF

Property type

Turn key restaurants

APN

107 -25-001.004

APU

10725001004

Description

This exceptional 9,281 square foot commercial property, located at 1119 E Frontage Drive in Wiggins, Mississippi, presents a unique investment opportunity. Situated on a 2.45-acre lot, the building boasts tremendous visibility and excellent accessibility, making it ideal for a variety of commercial uses. Previously occupied by a large single-tenant restaurant, the structure is in excellent condition and is readily adaptable for multi-tenant occupancy. The spacious layout offers significant flexibility for businesses seeking a prominent location with ample space. The building's prime location ensures high traffic volume and strong brand visibility. This property is ready for immediate occupancy and offers significant potential for return on investment. Further enhancing its appeal, additional land is available for expansion or complementary development, providing an opportunity to tailor the property to specific business needs. The asking price for this exceptional commercial property is $1,350,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,144,190

  6.5%

  $1,979,252

  7%

  $1,837,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,768,112

  Geo Method

  $1,647,792

• Alternative Use

  Use

  Valuation

  Residential

  $1,669,573

  Hospitality

  $1,529,320

  Educational

  $1,272,376

  Medical

  $1,316,136

  Retail

  $1,979,252

Location Insight

City

Wiggins

County

Stone

State

Mississippi

Latitude

30.8413

Longitude

-89.1401

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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