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    1021 Ms-16 Carthage, MS 39051

    For Sale
    $395,000

    Newly renovated, 4,000 sq ft, 2-acre lot.

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 1021 MS-16 East in Carthage, Mississippi, presents a remarkable investment opportunity. Boasting a generous 4,000 square feet of space, this newly renovated building sits on a sizable 2-acre lot, providing ample room for expansion or outdoor activities. Its prime location on MS-16 ensures high visibility and significant traffic exposure, ideal for attracting customers and maximizing business potential. Currently occupied by a tenant, the property will become available in March 2025, offering a clean slate for a new business venture or expansion. The building's recent renovation ensures modern amenities and a move-in ready condition, minimizing upfront costs and maximizing immediate return on investment. The versatility of the space allows for a wide range of commercial uses, making it an attractive option for various businesses. Furthermore, preliminary inquiries suggest the possibility of securing financing at a favorable 5% interest rate, subject to individual qualifications and loan terms. This presents a unique chance to acquire a well-situated, renovated commercial property with potential for significant financial growth, all while benefiting from potentially advantageous financing options. Don't miss this chance to establish your business in a high-traffic location with excellent visibility.

    Property Features for 1021 Ms-16

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carthage
    County
    Leake
    State
    Mississippi
    Longitude
    -89.5181
    Latitude
    32.73785

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    FAQs

    What type of property is this?
    Commercial real estate - Newly renovated, 4,000 sq ft, 2-acre lot.
    Where is this commercial real estate located?
    The property is located at 1021 Ms-16 Carthage, MS.
    What is the asking price?
    The asking price for this property is $395,000.
    (601) 267-7800
    Request Owner's contact information
    1021 Ms-16 Carthage, MS 39051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1021 Ms-16 Carthage, MS 39051
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