Property profile

1350 N Clark Ave Magnolia, MS 39652

FOR SALE
Investment properties
Property ID
US50-1115050
2,420 SF Built 1966
Individually Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,000 square foot executive office space in Magnolia, Mississippi, presents a remarkable opportunity for businesses seeking a versatile and well-equipped location. Situated on a half-acre lot at 1350 N Clark Ave, 39652, this vacant property boasts a range of features ideal for various business types. The layout includes multiple office spaces, a reception area, a convenient kitchen, and ample storage, ensuring efficient workflow and comfortable operations. A notable feature is the existing drive-up window, adding convenience for customer interaction or streamlined transactions. For expansion needs, a large concrete slab is already in place at the rear of the building, providing a solid foundation for future additions or modifications. Recent improvements include a new roof over sections of the building, enhancing its overall condition and longevity. This property offers a blend of functionality and potential, making it an attractive investment in a thriving Pike County location. The asking price is $125,000. Don't miss this chance to secure a prime commercial space in a desirable area.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,420 SF
APN 300484-
UPID US50-1115050

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1350 N Clark Ave Magnolia, MS 39652
Magnolia metro Census 950601 MCCOMB, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2006
2 recorded transactions
2021
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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