Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1062 Highway 61 Natchez, MS 39120

    For Lease
    Contact for pricing

    High-traffic retail center in North Tunica, MS

    Lot size:
    35,838 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity presents a 35,838 square foot shopping center situated on 1.5 acres of land in North Tunica, Mississippi. Built in 1974, the property is conveniently located at 1062 Highway 61 N, with cross access via Beat Line Rd, benefiting from high daily traffic counts. The center boasts a prominent anchor tenant, Piggly Wiggly grocery store, further enhancing its appeal and drawing significant customer traffic. Highway 61's impressive AADT of 13,000 vehicles underscores the property's strategic location and visibility. The available spaces offer flexible, open layout floor plans, ideal for a variety of retail uses. Units range from a minimum of 1,450 square feet to a maximum contiguous space of 3,800 square feet, providing options for businesses of various sizes. The property's proximity to the renowned Tunica Resorts & Casinos provides a substantial influx of tourists and residents, creating a robust and consistent customer base for tenants. This well-positioned retail center presents a compelling investment opportunity in a thriving Mississippi market. The property's strong anchor tenant, high traffic counts, and convenient location make it an attractive prospect for both investors and retailers seeking a prime location in the Tunica area. The zip code is 39120.

    Property Features for 1062 Highway 61

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,838 SF

    Building Details

    Year Built
    1974

    Unit(s) available at that property

    Space
    Suite 1068
    Size
    3,800 SF
    Space
    Available Space 3
    Size
    5,500 SF
    Space
    Available Space 4
    Size
    20,000 SF
    Space
    Suite 1052
    Size
    1,500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Natchez
    County
    Adams
    State
    Mississippi
    Longitude
    -90.375907042991
    Latitude
    34.685893554639

    Nearby Similar for Lease

    • $1,250 /Mo
      950 SF

      Natchez Office Space For Rent

      950 sq ft office space in Natchez, Mississippi.
      151 Jefferson Davis Blvd, Natchez, MS 39120
      View Details
    • $1,500 /Mo
      1,100 SF

      Natchez Office Space For Rent

      Commercial office space suitable for medical, wellness, or professional use.
      151 Jefferson Davis Blvd, Natchez, MS 39120
      View Details
    • $1,200 /Mo
      1,000 SF

      Downtown Natchez Office Space Available

      Recently renovated office space for lease in downtown Natchez.
      104 S Wall St, Natchez, MS 39120
      View Details
    • $4,000 /Mo
      4,000 SF

      Retail Space in Natchez, MS

      4,000 sq ft retail space for rent in Natchez.
      414 Highway 61 N, Natchez, MS 39120
      View Details
    • $4,500 /Mo
      10,000 SF

      Versatile Commercial Space in Natchez

      10,000 sq ft commercial space suitable for various businesses.
      29 Sgt Prentiss Dr, Natchez, MS 39120
      View Details
    • $2,500 /Mo
      4,000 SF

      Retail Space in Natchez, MS

      4,000 SF retail space suitable for various commercial uses.
      29 Seargent Prentiss Dr, Natchez, MS 39120
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail center in North Tunica, MS
    Where is this retail property located?
    The property is located at 1062 Highway 61 Natchez, MS.
    Request Owner's contact information
    1062 Highway 61 Natchez, MS 39120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1062 Highway 61
    Natchez, MS 39120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1062 Highway 61 Natchez, MS 39120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.