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    132 Cunningham St Terry, MS 39170

    For Sale
    Contact for pricing

    6,000 SF Retail Space, High-Income Potential

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 6,000 square foot retail storefront located at 132 Cunningham Street in Terry, Mississippi, presents a unique investment opportunity. The property comprises three individual retail suites, offering flexibility for various business ventures. Currently, one suite generates a monthly rental income of $650. Another suite is available for immediate lease, presenting a chance to increase revenue streams. The third suite houses a profitable coin laundry business, the sale price of which is available upon request. The building's substantial size and established rental income make it an attractive proposition for investors seeking a blend of passive income and potential for further development. Situated in Hinds County, Mississippi, with a zip code of 39170, this property benefits from a convenient location within the Terry community. The property's address is 132 Cunningham Street. Detailed financial information regarding the coin laundry operation is available to qualified buyers. This is a rare chance to acquire a well-positioned retail property with immediate income generation and significant upside potential. Contact the listing agent for further details and to schedule a viewing.

    Property Features for 132 Cunningham St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mo Unique Treats ... Bakery Terry Coin Laundry Laundromat

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Terry
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.293752608555
    Latitude
    32.095414028075

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    FAQs

    What type of property is this?
    Individual retail property - 6,000 SF Retail Space, High-Income Potential
    Where is this individual retail property located?
    The property is located at 132 Cunningham St Terry, MS.
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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
    132 Cunningham St Terry, MS 39170
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