518 Old Richton Rd Petal, MS 39465
This exceptional office building, situated at 518 Old Richton Rd. in Petal, MS, presents a compelling investment opportunity. Boasting over 3,000 square feet of versatile space, the property offers significant potential for customization to suit a variety of business needs. The functional layout includes at least five private offices, ideal for individual work or team collaboration. A large sunroom/conference room provides a bright and welcoming space for meetings or client interactions. A full kitchen adds convenience for staff and visitors, while two and a half bathrooms ensure ample facilities. The building's exterior features are equally impressive. Ample parking is available at the front entrance, providing easy access for employees and clients. Covered rear parking offers additional protection from the elements, and convenient outdoor storage areas are also included. A delightful back deck provides an ideal setting for informal gatherings or company events. This property's prime location, just off Evelyn Gandy Parkway and minutes from downtown Petal, ensures excellent visibility and accessibility. The combination of spacious interior, convenient amenities, and desirable location makes this an exceptional opportunity for businesses seeking to expand or establish a strong presence in the Petal area. The asking price is $445,000. All information should be verified by the buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.