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Property profile & analytics
OFF-MARKET
Auto shops

120 11th Ave Laurel, MS 39440

14,400 SF 2.09 ac lot Built 1950
Entity Owned Free & Clear
Property ID
US50-0557276
Property summary
AI-generated overview

This 1,800 square foot commercial property, situated on a 0.13-acre lot at 120 S 11th Avenue in Laurel, MS, presents a fantastic business opportunity. The building's layout is ideal for a variety of uses, particularly medical or insurance practices. The ground floor boasts four individual office spaces, a spacious waiting area designed for patient or client comfort, and a large reception area perfect for administrative staff. Adding to its versatility, there is also a sizable office area located upstairs, offering additional space for expansion, storage, or specialized functions. The property's prime location in Laurel ensures high visibility and accessibility, making it an attractive option for businesses seeking a well-established and convenient location. The asking price is $280,000. This is a rare opportunity to acquire a well-maintained commercial space in a desirable area, ready for immediate occupancy. The building's existing layout offers immediate functionality, minimizing the need for extensive renovations. Serious inquiries are encouraged to explore this exceptional business opportunity further.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction WOOD
Total area 14,400 SF
Lot 2.09 ac (91,040 SF)
APN 119B-06-19-001.00
UPID US50-0557276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SANDERSON FARMS INC
SANDERSON FARMS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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