310 16th Ave Laurel, MS 39440-4298

This 4,856 sq ft retail property in Laurel, MS, sits on a 0.5-acre lot with 50 parking spaces and a prominent monument sign. Currently fully occupied by a single tenant under a 7-year lease (5.5 years remaining) with a 6% cap rate and 2% annual rent escalations. The property enjoys exceptional visibility due to its location near I-55 (75,000+ VPD) and 16th Ave (31,000 VPD). Its proximity to major employers like Sanderson Farms (2,000 employees, 0.6 miles), Masonite Industries (600 employees, 1.8 miles), and the expanding South Central Medical Center ($35M expansion, 0.33 miles) ensures a strong and growing customer base. Further enhancing its appeal are 7 hotels (400 rooms) within a quarter-mile radius. Priced at $1,556,000, this presents a compelling investment opportunity in a thriving commercial area.