1350 Clark AveMagnolia, MS 39652

Property Details for 1350 Clark Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

2,420 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

300484-

APU

300484

Description

This exceptional 2,000 square foot executive office space in Magnolia, Mississippi, presents a remarkable opportunity for businesses seeking a versatile and well-equipped location. Situated on a half-acre lot at 1350 N Clark Ave, 39652, this vacant property boasts a range of features ideal for various business types. The layout includes multiple office spaces, a reception area, a convenient kitchen, and ample storage, ensuring efficient workflow and comfortable operations. A notable feature is the existing drive-up window, adding convenience for customer interaction or streamlined transactions. For expansion needs, a large concrete slab is already in place at the rear of the building, providing a solid foundation for future additions or modifications. Recent improvements include a new roof over sections of the building, enhancing its overall condition and longevity. This property offers a blend of functionality and potential, making it an attractive investment in a thriving Pike County location. The asking price is $125,000. Don't miss this chance to secure a prime commercial space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $384,377

  6.5%

  $354,810

  7%

  $329,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,292

  Geo Method

  $175,479

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $690,188

  Retail / Commercial

  $355,128

  Hospitality / Lodging

  $261,547

  Office

  $353,689

  Institutional / Educational

  $369,198

  Residential Income

  $431,962

  Multifamily

  $512,817

  Automotive / Energy

  $316,455

  Parking / Income-Based Land

  $108,268

  Restaurant / Food Service

  $186,562

  Healthcare / Senior Housing

  $362,879

Location Insight

City

Magnolia

County

Pike

State

Mississippi

Latitude

31.1632

Longitude

-90.4524

CBSA code

32620

CBSA name

MCCOMB, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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