115 12th Ave Laurel, MS 39440-4318
This exceptional commercial property at 115 N 12th Ave, Laurel, MS, offers a substantial 17,773 square feet of space on a sizable .73-acre lot. The split-level building boasts a highly desirable C3 zoning within the central business district, ensuring excellent accessibility and visibility. The structure itself is built on a concrete slab with concrete block walls, offering durability and low maintenance. The attractive faГ§ade features significant plate glass windows, maximizing natural light and creating a modern aesthetic. Ample parking is provided with approximately 30 asphalt spaces. A covered loading dock with an adjacent storage room is located on the east side of the building, enhancing functionality for businesses requiring loading and unloading capabilities. The main level encompasses 7,590 square feet and includes versatile office spaces, restrooms, and a convenient utility room with a sink. Significant recent improvements have been made, including the installation of new epoxy flooring, a comprehensive sprinkler system, and an upgraded electrical panel. Detailed documentation outlining the full scope of these improvements is available. This property presents a rare opportunity for businesses seeking a well-maintained, spacious, and strategically located commercial building in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.