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Property profile & analytics
FOR SALE
Retail space

332 S Magnolia Dr Wiggins, MS 39577

2,560 SF 0.48 ac lot Built 1965
Individually Owned Absentee Owner Free & Clear
Property ID
US50-1605858
Property summary
AI-generated overview

This exceptional commercial property, located at 332 S Magnolia Drive in Wiggins, Mississippi, presents a unique investment opportunity. Boasting 2,560 square feet on a 0.48-acre lot, this versatile space offers significant potential for a variety of businesses. Previously utilized as a dance studio and coffee shop, the property benefits from a high daily traffic count, ensuring excellent visibility and accessibility. Currently generating passive monthly income, this asset is ready for immediate occupancy and revenue generation. The property is zoned C-2, placing it ideally within the downtown area of Wiggins, conveniently situated between the larger cities of Gulfport and Hattiesburg. This strategic location provides easy access to a substantial customer base. Utilities, including water, sewage, and garbage services, are available through the City of Wiggins Public Works department. The property is being sold "as is," and prospective buyers are responsible for securing utilities for any necessary inspections or appraisals. This is a prime opportunity to acquire a well-located, income-producing commercial property in a thriving Mississippi community. Don't miss out on this chance to establish your business or expand your investment portfolio. The information provided is not guaranteed.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Total area 2,560 SF
Lot 0.48 ac (20,700 SF)
APN 106F -01-036.001
UPID US50-1605858
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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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
KEVIN D NEWCOM
KEVIN D NEWCOM
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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