2502 Telephone Rd, Pascagoula, MS 39567-1816
- Commercial real estate
- 10,725 SF
- 1.14 lot acres
Current Use by Public Records
- Dad's Super Pawn East / Discount Store / (Bike/Boat/Book/etc) Store
- Western Union / Bank / Credit Union
Property Details for 2502 Telephone Rd
- Year built
- 2008
- Lot size
- 1.14 lot acres
- Property type
- Commercial real estate
- APN
- 40401178.000
- APU
- 40401178000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 21, 2023 | — | Vj Properties-gulfport LLC | — | Deed · related | $1.1M · Hancock Whitney Bank |
| Oct 9, 2018 | — | Vj Properties Pascagoula | — | Deed · related | $75k · Merchants & Marine Bank |
Description
This exceptional 10,725 square foot retail property, situated on a 1.14-acre lot at 2502 Telephone Road in Pascagoula, Mississippi, presents a truly unique investment opportunity. The building boasts a robust security system, including vaults and safes, making it ideal for businesses requiring high levels of security. The layout is highly versatile, featuring multiple rooms suitable for storage, offices, or a variety of other uses. A significant advantage is the dual-income potential: the property includes a fully operational and successful laundromat on the west side of the building, generating consistent revenue. The former pawn shop section offers ample space for a new business venture. The building's construction is exceptionally sturdy, built to withstand significant wear and tear. The second floor offers additional space with adaptable rooms for expansion or diverse uses. This property is zoned C2-Community Commercial, allowing for a wide range of business applications. The asking price is $1,300,000. This is a rare chance to acquire a well-established, secure, and income-producing property in a desirable location. The combination of a secure building, existing business, and versatile space makes this an exceptional investment opportunity with significant potential for growth and return. The property's location in Pascagoula offers easy access to major transportation routes and a strong local market. Don't miss this chance to own a piece of Pascagoula's commercial landscape.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,040,000
- 6.5%
- $960,000
- 7%
- $890,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $975,000 Current use
- MEDICAL BUILDING
- $1,155,000 Change: +19% Conversion: Easy
- OFFICE BUILDING
- $1,140,000 Change: +17% Conversion: Easy
- RESTAURANT
- $935,000 Change: -4% Conversion: Difficult
- WAREHOUSE, STORAGE
- $930,000 Change: -4% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $780,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Pascagoula
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.5373
- Latitude
- 30.3784
- CBSA code
- 25060
- CBSA name
- GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
