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    111 Us-11 Meridian, MS 39301

    For Sale
    $2,300,000

    Prime Meridian location, 17,815 SF, $2.3M

    Property size:
    17,815 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use property in Meridian, Mississippi, presents a compelling investment opportunity. Located at 111 US-11, this 17,815-square-foot facility sits on a substantial 6.41-acre lot, offering significant development potential. Currently improved with a 17,815-square-foot conference center and restaurant, the property boasts a strategic location adjacent to Meridian's premier retail area, anchored by the 632,000-square-foot Bonita Lakes Mall, featuring major tenants such as Belk and Dillard's. Its convenient access to Interstates I-20 and I-59, as well as Highways 80 and 39, ensures high visibility and accessibility. The asking price is $2,300,000, translating to $129.10 per square foot. While approximately 0.89 acres of the lot are situated within a floodway, the substantial remaining area offers ample space for various uses. This property is ideal for hotels, restaurants, medical facilities, or corporate offices, presenting a rare chance to acquire a significant asset in a thriving Mississippi market. The property is offered for sale by owner.

    Property Features for 111 Us-11

    General Information

    Property type
    Mixed-use properties
    Square Feet
    17,815 SF
    Lot Size
    279,220 SF

    HighLights

    • $2,300,000 asking price for a 17,815 SF mixed‑use property.
    • 17,815 square feet of net rentable space.
    • $129.10 per square foot.
    • 6.41‑acre lot size.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6734621
    Latitude
    32.3701194

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Meridian location, 17,815 SF, $2.3M
    Where is this mixed-use property located?
    The property is located at 111 Us-11 Meridian, MS.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for a 17,815 SF mixed-use property.; 17,815 square feet of net rentable space.; $129.10 per square foot.
    (601) 420-8080
    Request Owner's contact information
    111 Us-11 Meridian, MS 39301
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    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
    111 Us-11 Meridian, MS 39301
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