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Freestanding Retail Building with Parking

511 W Monroe Ave, Okolona, MS 38860

For Sale
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Freestanding retail building with ample parking and high visibility.

Property Size16,799 SF
Price / SF$47.03
Days on Market252

Property Features for 511 W Monroe Ave

General Information

Standard status Active
Size 16,799 SF
Class A
Property subtype Retail, Special Purpose
Zoning Commercial
Investment Type Owner/User

Building Details

Year Built 2012
Year Renovated 2021
Buildings 1
Tenancy Single
Listing Agency: TRI Inc Realtors
Listed By: Clay Short · License MS S-27047
Source: Crexi
Added: Mar 5 Changed: Nov 10 Last Checked: Nov 10 at 5:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRI Inc Realtors

Rey
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Investment Insights

Based on property information with market context.

This freestanding retail building, constructed in 2012, features concrete block construction and a durable metal roof. The property offers accessibility and prominent signage. A large concrete parking lot provides 50 lined parking spaces. The building includes a covered sunken truck dock on the west side and a drive-thru window. A large pylon sign enhances visibility. The property is located near the intersection of West Monroe Street (State Highway 41) and Church Street, two primary retail arteries in Okolona, MS, and has 295' of road frontage. Neighboring businesses include Food Giant Grocery Store, NAPA Auto Parts, and A&M Discount Furniture. The property is suited for retail, service, or medical uses.

Key Highlights

  • Excellent accessibility and high visibility with 295' of road frontage on West Monroe Street (State Highway 41).
  • Large concrete parking lot with 50 lined spaces.
  • Durable concrete block construction with metal roof (built in 2012).

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

111
Businesses Nearby

Demographics for 38860, MS

5,535
Population
2,708
Households
2
Avg Household Size
43
Median Age
8%
College-Educated
80%
High-School Grad
138.0 sq mi
ZIP Area
40
Density / Sq Mi
$43,931
Median Household Income
$35,444
Median Earnings
$651
Median Rent
$101,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Freestanding retail building with ample parking and high visibility.
Where is this retail space located?
The property is located at 511 W Monroe Ave Okolona, MS.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Excellent accessibility and high visibility with 295' of road frontage on West Monroe Street (State Highway 41).; Large concrete parking lot with 50 lined spaces.; Durable concrete block construction with metal roof (built in 2012).
(662) 842-8283 · Office Call to check price and availability
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