332 Magnolia DrWiggins, MS 39577

Property Details for 332 Magnolia Dr

Year built

1965

Lot size

0.48 AC

Property size (Sq ft)

2,560 SF

Property type

Retail space

APN

106F -01-036.001

APU

106F01036001

Description

This exceptional commercial property, located at 332 S Magnolia Drive in Wiggins, Mississippi, presents a unique investment opportunity. Boasting 2,560 square feet on a 0.48-acre lot, this versatile space offers significant potential for a variety of businesses. Previously utilized as a dance studio and coffee shop, the property benefits from a high daily traffic count, ensuring excellent visibility and accessibility. Currently generating passive monthly income, this asset is ready for immediate occupancy and revenue generation. The property is zoned C-2, placing it ideally within the downtown area of Wiggins, conveniently situated between the larger cities of Gulfport and Hattiesburg. This strategic location provides easy access to a substantial customer base. Utilities, including water, sewage, and garbage services, are available through the City of Wiggins Public Works department. The property is being sold "as is," and prospective buyers are responsible for securing utilities for any necessary inspections or appraisals. This is a prime opportunity to acquire a well-located, income-producing commercial property in a thriving Mississippi community. Don't miss out on this chance to establish your business or expand your investment portfolio. The information provided is not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $596,774

  6.5%

  $550,868

  7%

  $511,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $492,103

  Geo Method

  $458,616

• Alternative Use

  Use

  Valuation

  Residential

  $464,678

  Hospitality

  $425,642

  Educational

  $354,130

  Medical

  $366,309

  Retail

  $550,868

Location Insight

City

Wiggins

County

Stone

State

Mississippi

Latitude

30.8556

Longitude

-89.1387

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].