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    70 Highway 354 Walnut, MS 38683

    For Sale
    $249,000

    High-traffic retail space, great potential.

    Property size:
    23,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 23,522 square foot commercial property, located at 70 Hwy 354 in Walnut, Mississippi, presents a unique investment opportunity. Situated on a 0.54-acre lot in Tippah County, this C-3 zoned property enjoys a prime location in the heart of downtown Walnut, less than half a mile from the intersection of US Hwy 72 and Hwy 15. Its strategic placement between the post office and city hall ensures high visibility and accessibility. The property includes all city utilities and features an existing 154 square foot brick building, offering potential for renovation or redevelopment. The asking price is $249,000, translating to a price per square foot of $10.59. This rare opportunity in a thriving Mississippi town offers significant potential for a variety of retail uses. The property's size and zoning provide ample flexibility for future development, making it an ideal investment for both established businesses and entrepreneurs seeking a strong foothold in a growing market. Don't miss this chance to acquire a highly visible and well-located commercial property in Walnut, Mississippi.

    Property Features for 70 Highway 354

    General Information

    Property type
    Retail properties
    Square Feet
    23,522 SF
    Lot Size
    23,522 SF

    HighLights

    • $249,000 asking price.
    • 23,522 square foot retail property.
    • $10.59 price per square foot.
    • C‑3 zoning.
    • 0.54‑acre lot in Walnut, MS, located on Hwy 354 near US Hwy 72 and Hwy 15.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut
    County
    Tippah
    State
    Mississippi
    Longitude
    -88.8147752
    Latitude
    34.9108064

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, great potential.
    Where is this retail property located?
    The property is located at 70 Highway 354 Walnut, MS.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: $249,000 asking price.; 23,522 square foot retail property.; $10.59 price per square foot.
    Request Owner's contact information
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    Walnut, MS 38683
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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
    70 Highway 354 Walnut, MS 38683
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