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    1 16 Hwy Carthage, MS 39051

    For Sale
    $220,000

    Prime Hwy 16 Location, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional .60-acre commercial lot presents a unique investment opportunity in Carthage, Mississippi. Boasting a highly desirable C-3 (Highway Commercial) zoning designation, this property sits on four-lane Highway 16, a location boasting an impressive 14,000 vehicles per day according to MDOT traffic counts – the highest in Leake County. Its strategic placement directly across from Leake Central Elementary School ensures consistent high visibility and foot traffic. The property benefits from its proximity to numerous national retail chains, including Walmart, and popular restaurants such as Wendy's and McDonald's, guaranteeing a strong customer base. Further enhancing its appeal, a large convenience store is currently under construction directly adjacent to the lot, creating a synergistic retail environment. This prime location offers unparalleled exposure for a variety of commercial ventures, making it an ideal site for businesses seeking maximum visibility and accessibility. The property is priced at $220,000 and presents a compelling opportunity for significant return on investment. Contact us today to learn more about this exceptional commercial property.

    Property Features for 1 16 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    26,136 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carthage
    County
    Leake
    State
    Mississippi
    Longitude
    -89.53285
    Latitude
    32.73359

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Hwy 16 Location, High Visibility
    Where is this commercial real estate located?
    The property is located at 1 16 Hwy Carthage, MS.
    What is the asking price?
    The asking price for this property is $220,000.
    (601) 267-7800
    Request Owner's contact information
    1 16 Hwy 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
    1 16 Hwy Carthage, MS 39051
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