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Positioned in the heart of historic Downtown Laurel, amid the excitement surrounding HGTV's Home Town, this approximately 6,600-square-foot mixed-use property offers an exceptional investment opportunity at its newly reduced price of $899,999. Featuring an attractive **9.1% projected stabilized cap rate**, the property combines multiple commercial tenants, two established short-term rentals, and additional lease-up potential to create diversified income streams and room for future growth. With existing cash flow, established rental operations, and a prime location in one of South Mississippi's most recognizable downtown destinations, this property offers investors the opportunity to capitalize on both current income and future upside. Whether you're expanding your investment portfolio or looking for a mixed-use property with multiple revenue streams, this is an opportunity worth exploring. Contact today for detailed financial information and discover the investment potential of Downtown Laurel.

Highlights

  • Commercial Sale
  • Business
  • 96 days on Market

  • Bathrooms
    3
  • Construction Materials
    Brick
  • Security Features
    Security System
  • Cooling
    Central Air, Electric
  • Heating
    Electric

  • Utilities
    Cable Available, Sewer Available, Electricity Available, Natural Gas Available, Phone Available
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 531 Central Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 531 Central Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 531 Central Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, 3 bath, listed for $899,999. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Laurel, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 531 Central Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 531 Central Ave at around $5,657. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 531 Central Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Jones County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 531 Central Ave?

In most cases, yes. Whether 531 Central Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Laurel's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 531 Central Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Laurel and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

531 Central Ave was listed on August 09, 2026, which means it's been on the market for 96 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What are the property taxes for 531 Central Ave?

The most recent public record shows annual property taxes for 531 Central Ave were approximately $6,420. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 531 Central Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Hattiesburg Area Association of REALTORS®, Inc. Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Hattiesburg Area Association of REALTORS®, Inc. Multiple Listing Service. All Rights Reserved.