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    247 Cayuga St Utica, MS 39175

    For Sale
    $275,000

    Vacant 26,000 SF Shopping Center, $275,000

    Property size:
    26,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a vacant 26,000 square foot shopping center located at 247 Cayuga St, Utica, Mississippi, 39175. The property, identified by APN 4968-767-4, is classified as retail and mixed-use, previously operating as a grocery store strip center. Currently vacant, this multi-tenant property offers significant potential for redevelopment or lease to new tenants. The asking price is $275,000, translating to $10.58 per square foot. The property's lease type is gross. While the previous tenant was Dollar General, the property is currently unoccupied, presenting a blank canvas for a new owner to shape its future. The property is situated in Hinds County, Mississippi, offering access to a local market. Note that the provided cap rate information is inaccurate and should be independently verified. This property is ideal for investors seeking a value-add opportunity in a growing market. Further due diligence is recommended to fully assess the potential of this significant retail space. The price per unit is listed as $22.12, though the exact number of units requires further clarification.

    Property Features for 247 Cayuga St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    26,000 SF

    HighLights

    • Vacant 26,000 SF shopping center in Utica, MS.
    • APN 4968‑767‑4, retail/mixed‑use, previously a grocery store strip center.
    • Asking price: $275,000 ($10.58/SF), gross lease.
    • Located in Hinds County, MS.
    • Value‑add opportunity for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Wholesale Shop Clothing Store Auto Parts Store Kitchen & Bath Food Market Grocery Store Cafe & Coffee Shop Car Rental Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.62513488
    Latitude
    32.11464721

    Nearby Comparable

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    • $1,920,000

      600 Acres of Hunting Land

      Diverse 600-acre tract with mature timber and game food plots.
      Hickory Rdg Rd, Utica, MS
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    FAQs

    What type of property is this?
    Lifestyle center - Vacant 26,000 SF Shopping Center, $275,000
    Where is this lifestyle center located?
    The property is located at 247 Cayuga St Utica, MS.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Vacant 26,000 SF shopping center in Utica, MS.; APN 4968-767-4, retail/mixed-use, previously a grocery store strip center.; Asking price: $275,000 ($10.58/SF), gross lease.
    Request Owner's contact information
    247 Cayuga St Utica, MS 39175
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    Utica, MS 39175
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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
    247 Cayuga St Utica, MS 39175
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