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    332 Magnolia Dr Wiggins, MS 39577

    For Sale
    $172,500

    Downtown Wiggins, MS - Income Producing!

    Property size:
    2,560 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    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.

    Property Features for 332 Magnolia Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,560 SF
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1965
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wiggins
    County
    Stone
    State
    Mississippi
    Longitude
    -89.13873
    Latitude
    30.85563

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Wiggins, MS - Income Producing!
    Where is this commercial real estate located?
    The property is located at 332 Magnolia Dr Wiggins, MS.
    What is the asking price?
    The asking price for this property is $172,500.
    (228) 280-8026
    Request Owner's contact information
    332 Magnolia Dr Wiggins, MS 39577
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    Wiggins, MS 39577
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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
    332 Magnolia Dr Wiggins, MS 39577
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