2952 MS-589
Land | 7 acres
Marketing description
While currently used as a residential home with a shop/office building in the back, the property's highest and best use is to be used as a commercial location. With the close proximity to Hwy 98, 600 feet road frontage on Hwy 589 and another 350 feet of road frontage on Country Lane that could serve as another entrance, this property is ideally located for commercial development. An additional 1.8 acres +/- adjacent is also available which adds another 300 feet of road frontage on Hwy 589
Investment highlights
Investment highlights for a commercial property near a medical complex and bank could include:
1. Prime Location: The property's proximity to a medical complex and a bank provides a steady stream of potential tenants, ensuring high occupancy rates and consistent rental income.
2. Stable Tenant Base: Medical professionals and financial institutions are typically stable tenants with reliable income streams, reducing the risk of vacancies and ensuring long-term returns on investment.
3. Diverse Revenue Streams: With multiple potential tenants, including medical offices, clinics, pharmacies, and bank branches, the property offers diverse revenue streams, reducing reliance on any single tenant.
4. Strong Market Demand: Properties near medical facilities and banks are in high demand due to their convenience and accessibility, making it easier to attract and retain tenants.
5. Potential for Appreciation: Investments in commercial properties near essential services tend to appreciate over time, especially in growing urban areas where demand for such properties remains strong.
6. Opportunity for Value-Add: There may be opportunities to enhance the property's value through renovations, expansions, or repositioning to cater to specific tenant needs and market trends.
7. Favorable Financing Options: Lenders often view commercial properties near essential services as low-risk investments, providing favorable financing terms and opportunities for leveraging capital.
8. Resilience to Economic Downturns: Medical and financial services are essential regardless of economic conditions, providing a level of stability and resilience to market downturns.
9. Potential Tax Benefits: Commercial real estate investments offer various tax benefits, including depreciation deductions, interest expense deductions, and potential capital gains tax advantages.
10. Professional Management Opportunities: Partnering with experienced property management companies can optimize operations, enhance tenant satisfaction, and maximize returns on investment.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
