Mixed-Use Property with Furnished
New
For Sale
Contact for pricing
531 Central Avenue, Laurel, MS 39440
Downtown property combines commercial space with two operating furnished one-bedroom short-term-rental suites.
Property Size6,683 SF
Price / SF$149.63
Days on Market5
Property Features for 531 Central Avenue
General Information
Standard status
Active
Size
6,683 SF
Property subtype
Mixed Use
Occupancy
83%
Investment Type
Stabilized
Net Operating Income
$72,971
Financials
Asking Price
$999,000
Cap Rate
7.3%
Gross Income
$140,499
Building Details
Buildings
1
Units
8
Tenancy
Multi
Listing Agency:
Epique Realty
(601) 744-6454
Listed By:
Natalie Graham · License #B-22107
Source:
Crexi
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 9:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Realty
Investment Insights
Based on property information with market context.
Located at 531 Central Avenue in Downtown Laurel, Central Avenue Suites is a mixed-use property totaling approximately 6,683 square feet. The building combines office and retail/service areas with two furnished one-bedroom short-term-rental suites, creating a varied commercial and hospitality configuration.
The property currently includes five occupied commercial spaces, one vacant office suite, and two operating short-term-rental suites. Commercial leases and short-term-rental activity contribute to the property’s recurring revenue, while Suite B remains available for lease-up. January through July 2026 operating results, annualized for a full year, indicate a normalized NOI of approximately $72,971 and an annualized cap rate of approximately 7.3%.
The property currently includes five occupied commercial spaces, one vacant office suite, and two operating short-term-rental suites. Commercial leases and short-term-rental activity contribute to the property’s recurring revenue, while Suite B remains available for lease-up. January through July 2026 operating results, annualized for a full year, indicate a normalized NOI of approximately $72,971 and an annualized cap rate of approximately 7.3%.
Key Highlights
- Approximately 6,683 SF mixed‑use property at 531 Central Avenue
- Five occupied commercial spaces plus one vacant office suite
- Two operating furnished one‑bedroom short‑term‑rental suites
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 39440, MS
19,759
Population
9,035
Households
2.2
Avg Household Size
35
Median Age
20%
College-Educated
86%
High-School Grad
17.7 sq mi
ZIP Area
1,116
Density / Sq Mi
$38,687
Median Household Income
$30,246
Median Earnings
$856
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines commercial space with two operating furnished one-bedroom short-term-rental suites.
Where is this mixed-use property located?
The property is located at 531 Central Avenue Laurel, MS.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 6,683 SF mixed‑use property at 531 Central Avenue; Five occupied commercial spaces plus one vacant office suite; Two operating furnished one‑bedroom short‑term‑rental suites
