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    611 2Nd Ave Laurel, MS 39440

    For Sale
    $175,000

    Prime location, 6,600 sq ft, redevelopment opportunity.

    Property size:
    6,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 611 2nd Avenue North in Laurel, Mississippi, presents a unique redevelopment opportunity. Situated on a one-acre lot at a high-traffic intersection known as 5-Points, this property enjoys excellent visibility and accessibility. 5-Points serves as a key entry point to downtown Laurel from Interstate 59, via Chantilly and Cross Streets. The property boasts significant frontage on three city streets, maximizing exposure. The existing building, a single-story masonry structure, comprises approximately 6,600 square feet and is divided into three separate units. It has a rich history of retail use but requires substantial renovations. A paved parking lot is conveniently located along the north side of the building. Adding to the property's potential, there's also vacant land along 7th Street offering views of Gardiner Park, ideal for future development or expansion. The mechanical systems of the existing building are currently unknown and will require assessment. This property is priced at $175,000 and offers significant potential for a savvy investor or developer looking to capitalize on its prime location and substantial size.

    Property Features for 611 2Nd Ave

    General Information

    Property type
    Investment properties
    Square Feet
    6,600 SF
    Lot Size
    43,560 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Jones
    State
    Mississippi
    Longitude
    -89.12729
    Latitude
    31.69627

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    FAQs

    What type of property is this?
    Investment property - Prime location, 6,600 sq ft, redevelopment opportunity.
    Where is this investment property located?
    The property is located at 611 2Nd Ave Laurel, MS.
    What is the asking price?
    The asking price for this property is $175,000.
    (601) 649-1010
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    611 2Nd Ave Laurel, MS 39440
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    Laurel, MS 39440
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    611 2Nd Ave Laurel, MS 39440
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