MLS#148270
STATUSActive
PROPERTY TYPECommercial - Business
NEIGHBORHOODLaurel
Property Description
Positioned in the heart of historic Downtown Laurel, amid all the Home Town buzz, this approximately 6,600-square-foot mixed-use property offers a rare opportunity to own income-producing real estate in one of South Mississippi's most recognizable downtown districts.At the $999k list price, the property offers an approximate 8.2% projected stabilized cap rate. Multiple commercial tenants, two established short-term rentals, and additional lease-up potential provide diversified income streams, existing cash flow, and future upside.Whether you're expanding your portfolio, entering the short-term rental market, or seeking a performing mixed-use asset in a thriving downtown destination, this opportunity deserves a closer look. Contact today for additional financial information and discover the endless business and investment opportunities this exceptional Downtown Laurel property has to offer.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Electric
Heating: Electric
Lot Size: 75' x 90' x 75' x 90'
Taxes: $6,420
Feature Descriptions
16th Section Land: N
Business: Hotel/Motel, Office, Other - See Remarks, Professional Service, Retail
City Limits: Yes
Days on Site: 3
Exterior: Brick
Features: Handicap Access, Living Space Avail, Security System
Flood Zone: No
Historical District: Yes
Lot Dimensions: 75' x 90' x 75' x 90'
Security: yes
SQFT Building: 5001 - 7500 SqFt
Tax Year: 2025
Utilities: Cable Available, City Water, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
Listed By / Shown By
Listed By
Agency Name: Epique Realty
Agency Phone: (888) 893-3537
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Hattiesburg MLS
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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531 Central Ave. | MLS# 148270
This commercial property located at 531 Central Ave., Laurel, MS 39440 is currently listed for sale with an asking price of $999,999. Search Laurel real estate on www.clhomes.com today.