140 5Th StMcComb, MS 39648

Property Details for 140 5Th St

Year built

1972

Lot size

0.17 AC

Property size (Sq ft)

1,948 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

551006-B

APU

551006B

Description

This 3,600 sq ft single-tenant office building in Pike County, built in 1972, presents a fantastic opportunity. The property boasts 13 offices, multiple storage closets, and three bathrooms, ensuring ample space for various needs. Twenty parking spaces provide convenient access for staff and clients. The building's layout is flexible, offering the possibility to rent either the left (1,900/month) or right side (2,100/month) independently, sharing a common entrance and foyer. Each side features its own two break areas and two reception areas. Recent renovations include new flooring, fresh paint, and updated back doors, enhancing both aesthetics and functionality. The absence of elevators should be considered, but the building's layout and ample parking make it a highly attractive option for a variety of businesses, including medical practices given its suitability as a medical office. This property is ready for immediate occupancy and offers a blend of classic charm and modern updates.

• CAP approach

  CAP return

  Valuation

  6%

  $337,215

  6.5%

  $311,275

  7%

  $289,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $230,323

  Geo Method

  $214,649

• Alternative Use

  Use

  Valuation

  Residential

  $311,275

  Hospitality

  $285,126

  Educational

  $237,222

  Medical

  $245,380

  Retail

  $369,012

Location Insight

City

Mccomb

County

Pike

State

Mississippi

Latitude

31.2456

Longitude

-90.4554

CBSA code

32620

CBSA name

MCCOMB, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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