402 Azalea Dr, Waynesboro, MS, 39367
About This Home
Investors, business owners, and developers, come tour a versatile commercial property located within the city limits of Waynesboro, Mississippi. Offering excellent visibility and accessibility in an established area, this Wayne County property is full of potential! Situated on a 1.4A± acre lot, the property features a 22,577A± square foot two-story building, with a finished area of approximately 12,577 square feet and the remaining 10,000A± square feet on the second floor. Unlock the full potential by finishing the upper level! The layout and size provide strong flexibility for multiple uses, making it ideal for a storefront, commercial operation, or multi-family development. The building has two apartments already in place, with one being recently remodeled and vacant and the other currently being rented out to a longtime tenant. Additionally, an 1,800A± square foot space is used as an event room with an attached kitchen. This area is rented out to the public for special events. The property boasts a large parking area offering room for expansion while still providing parking options for customers and/or tenants. Originally a funeral home, the building could easily be converted back if desired. Currently, the building serves as the home to a floral business, but the opportunities are endless with the space this property offers. This property presents a solid opportunity with its ample space, in-town location, and mixed-use potential! Take advantage of a well-positioned asset in Waynesboro; contact today!! Location: 402 Azalea Drive Waynesboro, MS 39367 Within the City Limits Wayne County Coordinates: 31.67145, -88.65035 Property Use: Commercial Potential Multifamily Investment Property Information: 1.4A± Acre Lot 22,577A± SqFt Two-Story Building 12,577A± SqFt Finished 1,800A± SqFt Event Room 10,000A± SqFt Unfinished 2nd Story Two Apartments 1 Longtime Tenant 1 Vacant Frontage on Azalea Drive and Hough Street Tax Information: Parcel: 105C-12-00700100 Estimated Taxes $5,786.37
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Other
Interior
Interior Area
- Total structure area: 22,577
- Total interior livable area: 22,577 sqft
Property
Lot
- Lot size: 1.40 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Hurricane
- Inland Flooding
- Lightning
- Strong Wind
- Hail
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Mississippi
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,769 | $21,228 |
| Home Insurance * | $269 | $3,228 |
| Property Taxes | $137 | $1,644 |
| Electricity | $2,099 | $25,192 |
| Total | $4,274 | $51,288 |
Income You'd Need if You Spent...
Mississippi FAIR Plan Programs
Mississippi Residential Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $375,000 |
| 2026-01-01 | Listed for sale | $400,000 |
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