Gated Parking Property with
New
For Sale
$3,500,000
8438 U.s 51, Southaven, MS 38671
Commercial Sale, Southaven, MS
Property Size14,000 SF
Lot Size10.00 Acres
Price / SF$250
Days on Market2
Property Features for 8438 U.s 51
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From I-55 North toward Memphis, take Exit 287 for Church Road and turn left to head west. Continue on Church Road until you reach Highway 51 (US-51), then turn right to go north. Drive about 2.5 miles, and the property will be on the right.
Standard status
Active
APN
1086230000005400
Size
14,000 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC/TWN/RNG/MER:SEC 23 TWN 01S RNG 008W GOSSETT COMMERICAL S-D LOT 1,2.
Tax Annual Amount
11173
Legal Description
SEC/TWN/RNG/MER:SEC 23 TWN 01S RNG 008W GOSSETT COMMERICAL S-D LOT 1,2.
Amenities
central HVAC
Building Details
Year built
1966
Buildings
2
Listing Agency:
Best Real Estate Company, Llc · Realty ONE Group
Listed By:
LaDarius Keyes · License #S-57078
(662) 540-5011
Added: Nov 2
Last Checked: Nov 3 at 9:06PM
MLS# 4167268
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial parking property combines two buildings totaling approximately 14,000 square feet with four garage bays and extensive paved parking. The site has gated access, central HVAC, three-phase electrical service, multiple meters, and public water and sewer. Truck-accessible areas are also present. The buildings date to 1966.
The property spans 8438 and 8432 Highway 51, with frontage along the highway and access to I-55. Zoned C-3 General Commercial, it is currently leased under a one-year agreement for parking operations supporting nearby data center development.
The property spans 8438 and 8432 Highway 51, with frontage along the highway and access to I-55. Zoned C-3 General Commercial, it is currently leased under a one-year agreement for parking operations supporting nearby data center development.
Key Highlights
- Two commercial buildings totaling approximately 14,000 square feet
- Four additional garage bays and substantial paved parking
- Currently leased under a one‑year agreement for parking operations
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38671, MS
36,073
Population
15,565
Households
2.3
Avg Household Size
36
Median Age
21%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
1,625
Density / Sq Mi
$61,744
Median Household Income
$41,685
Median Earnings
$1,319
Median Rent
$176,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Penske Truck Rental — 841 Town and Country Dr, Southaven, MS 38671
Frequently Asked Questions
What type of property is this?
Parking lot & garage - An active parking lease accompanies two commercial buildings, garage bays, and substantial paved parking.
Where is this parking lot & garage located?
The property is located at 8438 U.s 51 Southaven, MS.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two commercial buildings totaling approximately 14,000 square feet; Four additional garage bays and substantial paved parking; Currently leased under a one‑year agreement for parking operations
