Technical
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Property profile

708 15th Ave Laurel, MS 39440

OFF-MARKET
Office buildings
Property ID
US50-0619571
1,839 SF 0.22 ac lot Built 1950
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, situated at 708 N 15th Ave. in Laurel, MS, presents a remarkable investment opportunity. Priced at $225,000, this remodeled space offers endless possibilities for a variety of businesses. Its strategic location next to newly constructed Zaxby's and Domino's Pizza ensures high foot traffic and excellent brand visibility. The property benefits from its prominent position on 16th Ave., a high-traffic thoroughfare, guaranteeing significant exposure to potential customers. The adaptable interior makes it ideal for a range of uses, including an insurance office, medical office, spa, hair/barber salon, or retail store. While the square footage is not currently specified, the property's prime location and recent remodeling make it a compelling option for entrepreneurs seeking a thriving commercial space in a bustling area. The absence of an acre lot size does not detract from the property's significant advantages, particularly its high visibility and convenient location within a well-established commercial district. This is a rare opportunity to acquire a remodeled commercial space in a high-traffic area at an attractive price point.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 1,839 SF
Lot 0.22 ac (9,570 SF)
APN 134O-31-18-008.00
UPID US50-0619571

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

708 15th Ave Laurel, MS 39440-3358
Laurel metro Census 950500 LAUREL, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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