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    1942 Highway 15 Pontotoc, MS 38863

    For Sale
    $1,500,000

    Prime 3.8-acre corner lot, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 3.8-acre commercial property, located at 1942 Hwy 15 North in Pontotoc, MS, presents a unique investment opportunity. Situated on a high-traffic corner lot, this property boasts excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Currently utilized as a car lot, the existing building, measuring approximately 100 feet by 80 feet, offers ample space for immediate use. However, the versatile layout and prime location lend themselves to numerous other commercial applications. The property's potential extends beyond its current use

    Property Features for 1942 Highway 15

    General Information

    Property type
    Other commercial real estate
    Lot Size
    165,528 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontotoc
    County
    Pontotoc
    State
    Mississippi
    Longitude
    -89.02386
    Latitude
    34.27642

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 3.8-acre corner lot, high visibility.
    Where is this commercial real estate located?
    The property is located at 1942 Highway 15 Pontotoc, MS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (662) 842-3844
    Request Owner's contact information
    1942 Highway 15 Pontotoc, MS 38863
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    Pontotoc, MS 38863
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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
    1942 Highway 15 Pontotoc, MS 38863
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