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Property profile & analytics
FOR SALE
Office buildings

1401 Mississippi Dr Waynesboro, MS 39367

1,360 SF 0.69 ac lot Built 1960
Entity Owned Free & Clear
Property ID
US50-0922574
1401 Mississippi Dr, Waynesboro, MS 39367 For Sale
$85,000 1,360 SF
1401 Mississippi Dr, Waynesboro, MS 39367
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Property summary
AI-generated overview

This exceptional business opportunity presents a 1,360 square foot building situated on a one-acre lot at 1401 Mississippi Drive in Waynesboro, Mississippi. The property boasts a highly visible location, making it ideal for a wide range of commercial ventures. While the building requires some repairs, this presents a significant advantage for a buyer seeking a property with substantial upside potential. The existing structure offers a solid foundation for a variety of business uses, allowing for customization and adaptation to suit specific needs. The one-acre lot provides ample space for expansion, outdoor operations, or additional parking. The asking price of $85,000 represents a compelling investment opportunity for entrepreneurs and business owners looking to establish or expand their operations in a prime Waynesboro location. The property's high visibility ensures significant exposure to potential customers, contributing to a strong return on investment. This is a chance to acquire a well-positioned property at an attractive price point, offering the potential for significant growth and profitability. Serious inquiries are encouraged to explore this promising business opportunity further. The property is sold as-is.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction FRAME
Total area 1,360 SF
Lot 0.69 ac (30,160 SF)
APN 105A01 00300500
UPID US50-0922574
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
GATLIN FAMILY PARTNERSHIP
GATLIN FAMILY PARTNERSHIP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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