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    1727 6Th St Meridian, MS 39301

    For Sale
    $205,000

    Prime Meridian location, versatile space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1727 6th Street in the heart of Downtown Meridian, Mississippi, is offered at an attractive asking price of $205,000. The property is classified as Special Purpose and presents a unique opportunity for a variety of businesses. The building itself boasts a sizable retail/service area, ideal for customer interaction and sales. In addition to the main space, the building includes three restrooms, a functional kitchen area, and multiple private offices, providing ample space for administrative functions or individual work areas. The layout is versatile and adaptable to suit a range of professional services or retail operations. A significant advantage of this offering is the inclusion of the adjacent lot, expanding the potential for future development or outdoor use, enhancing the overall value and utility of the property. The property's central location in Downtown Meridian ensures high visibility and easy access for clients and employees. This is a rare opportunity to acquire a well-situated, multi-functional commercial building in a thriving Mississippi city. The zip code is 39301, and the property is situated in Lauderdale County.

    Property Features for 1727 6Th St

    General Information

    Property type
    Specialty properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    State Farm Insurance Insurance Agency Mark Matthews and Associates, ... Private Investigator

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -88.6963222
    Latitude
    32.366706

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    FAQs

    What type of property is this?
    Specialty property - Prime Meridian location, versatile space.
    Where is this specialty property located?
    The property is located at 1727 6Th St Meridian, MS.
    What is the asking price?
    The asking price for this property is $205,000.
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    1727 6Th St 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
    1727 6Th St Meridian, MS 39301
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