437 N Magnolia St Laurel, MS 39440
- Office buildings
- 5,760 SF
- 0.09 lot acres
Current Use by Public Records
- Office buildings
Property Details for 437 N Magnolia St
- Year built
- 1919
- Lot size
- 0.09 lot acres
- Property size
- 5,760 SF
- Property type
- Office buildings
- APN
- 118Y-05-13-005.00
- APU
- 118Y051300500
Description
This exceptional 9,470 square foot multi-use building is situated in Laurel, Mississippi's vibrant Central Business District at 437 N Magnolia St. The property presents a rare investment opportunity, blending historical character with modern functionality. The building's diverse layout offers significant income potential through a mix of established tenants. Upstairs, four charming units are currently generating revenue as nightly rentals, providing a consistent stream of income. On the ground floor, a successful home-style breakfast restaurant occupies one unit, while the adjacent space serves as a retail outlet, benefitting from high foot traffic in a prime location. A substantial basement provides ample storage space, adding to the property's versatility. The building's location offers the added convenience of free public parking directly across the street, enhancing its appeal to both tenants and customers. This is an exceptional opportunity to acquire a well-established, income-producing property in a thriving downtown area. The asking price is $845,000. This property is ideal for investors seeking a strong return on investment or entrepreneurs looking to establish their business in a high-visibility location. The combination of established rental income and the potential for further development makes this a truly unique and compelling investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Jones
- State
- Mississippi
- Longitude
- -89.129
- Latitude
- 31.694
- CBSA code
- 29860
- CBSA name
- LAUREL, MS MICROPOLITAN STATISTICAL AREA
