611 2Nd Ave Laurel, MS 39440
- Commercial real estate
- 5,020 SF
- 0.79 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 611 2Nd Ave
- Year built
- 1950
- Lot size
- 0.79 lot acres
- Property size
- 5,020 SF
- Property type
- Commercial real estate
- APN
- 118Y-05-02-002.00
- APU
- 118Y050200200
Description
This exceptional commercial property, located at 611 2nd Avenue North in Laurel, Mississippi, presents a unique redevelopment opportunity. Situated on a one-acre lot at a high-traffic intersection known as 5-Points, this property enjoys excellent visibility and accessibility. 5-Points serves as a key entry point to downtown Laurel from Interstate 59, via Chantilly and Cross Streets. The property boasts significant frontage on three city streets, maximizing exposure. The existing building, a single-story masonry structure, comprises approximately 6,600 square feet and is divided into three separate units. It has a rich history of retail use but requires substantial renovations. A paved parking lot is conveniently located along the north side of the building. Adding to the property's potential, there's also vacant land along 7th Street offering views of Gardiner Park, ideal for future development or expansion. The mechanical systems of the existing building are currently unknown and will require assessment. This property is priced at $175,000 and offers significant potential for a savvy investor or developer looking to capitalize on its prime location and substantial size.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Jones
- State
- Mississippi
- Longitude
- -89.1273
- Latitude
- 31.6964
- CBSA code
- 29860
- CBSA name
- LAUREL, MS MICROPOLITAN STATISTICAL AREA
