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    2200 Highway 45 Meridian, MS 39301

    For Sale
    $300,000

    Prime Corner Lot, High Traffic, $300,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 2200 Highway 45 North in Meridian, Mississippi, presents a unique investment opportunity. Priced at $300,000, this almost one-acre lot boasts unparalleled visibility and high traffic counts due to its strategic corner location on Highway 45 North. The property offers significant frontage on three streets, maximizing exposure for any business. Currently featuring a 30' x 50' metal building, complete with insulation, water, and electric power, this structure can be readily removed to suit the buyer's needs. The existing metal building and fencing are included in the sale. The property's zoning provides flexibility: the front portion is zoned I-1 Light Industrial, while the rear is zoned B-4 Commercial, allowing for a variety of potential uses. This prime location in Lauderdale County, zip code 39301, (latitude 32.3801618, longitude -88.6786679) offers an ideal setting for businesses seeking high visibility and convenient access. Don't miss this chance to acquire a highly desirable commercial property in a thriving Mississippi market.

    Property Features for 2200 Highway 45

    General Information

    Property type
    Specialty properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6786679
    Latitude
    32.3801618

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    FAQs

    What type of property is this?
    Specialty property - Prime Corner Lot, High Traffic, $300,000
    Where is this specialty property located?
    The property is located at 2200 Highway 45 Meridian, MS.
    What is the asking price?
    The asking price for this property is $300,000.
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    2200 Highway 45 Meridian, MS 39301
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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
    2200 Highway 45 Meridian, MS 39301
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