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    519 Bonita Dr Meridian, MS 39301

    Sponsored
    For Sale
    $79,500

    Prime Commercial Lot, Ready to Develop

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 39301 Meridian, MS commercial lot presents a unique redevelopment opportunity. Located at 519 Bonita Drive, this property boasts a highly desirable location directly adjacent to the SAMS Club parking lot, ensuring high visibility and accessibility. The lot is zoned B-4 (Regional Business District), opening the door to a wide range of commercial and business ventures. Previously occupied by a home that has been removed, the land is now cleared and prepared for immediate development. City utilities, including power and gas, were previously connected to the property and are readily available for reconnection to support any new commercial construction. This presents a blank canvas for entrepreneurs and developers seeking a prime location in a thriving area. The asking price is $79,500, making this an attractive investment opportunity in a high-traffic area with significant potential for return. The lot's proximity to SAMS Club guarantees substantial foot traffic and brand recognition, enhancing the potential for any business established on the site. This is a rare chance to acquire a ready-to-build commercial lot in a strategic location within Meridian, Mississippi. Don't miss this chance to capitalize on this exceptional opportunity.

    Property Features for 519 Bonita Dr

    General Information

    Property type
    Specialty properties

    HighLights

    • $79,500 asking price.
    • Special Purpose property.
    • Located at 519 Bonita Drive, Meridian, MS 39301.
    • B‑4 (Regional Business District) zoning.
    • Adjacent to SAMS parking lot.
    • Cleared lot, ready for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6680276
    Latitude
    32.36773

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    FAQs

    What type of property is this?
    Specialty property - Prime Commercial Lot, Ready to Develop
    Where is this specialty property located?
    The property is located at 519 Bonita Dr Meridian, MS.
    What is the asking price?
    The asking price for this property is $79,500.
    What are key features of this property?
    This property features: $79,500 asking price.; Special Purpose property.; Located at 519 Bonita Drive, Meridian, MS 39301.
    Request Owner's contact information
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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
    519 Bonita Dr Meridian, MS 39301
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