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    1 Parker Dr Booneville, MS 38829

    For Sale
    $399,000

    Prime Booneville location, high traffic, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1-acre commercial lot in Booneville, Mississippi, presents a unique investment opportunity. Located at Lot 1 Parker, this property boasts a highly visible position adjacent to a Burger King, benefiting from the substantial traffic generated by a nearby Walmart, a strip center, and several major restaurants. The property's strategic location directly across the street from a Murphy Oil station further enhances its visibility and accessibility. The lot size is 43,560 square feet, offering ample space for a variety of commercial developments, from retail establishments to restaurants. This property is part of a larger 13-acre parcel, allowing for the purchase of individual lots to suit specific needs or the acquisition of the entire tract for larger-scale development. The area is experiencing significant commercial growth, making this a compelling investment opportunity. The asking price is $399,000. Property taxes will be determined based on the final survey or title company assessment. Square footage is to be determined by a professional appraiser. Don't miss this chance to secure a prime commercial property in a thriving Mississippi market.

    Property Features for 1 Parker Dr

    General Information

    Property type
    Retail properties

    HighLights

    • $399,000 asking price.
    • 1‑acre lot (43,560 sq ft) in Booneville, MS.
    • Mixed‑use zoning allowing for office, retail, and other commercial uses.
    • High‑traffic location adjacent to Burger King, across from Murphy Oil, and near Walmart and other retail.
    • Potential for individual lot purchase or acquisition of the entire 13‑acre property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Booneville
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.5178518
    Latitude
    34.6324369

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    FAQs

    What type of property is this?
    Retail property - Prime Booneville location, high traffic, development ready.
    Where is this retail property located?
    The property is located at 1 Parker Dr Booneville, MS.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; 1-acre lot (43,560 sq ft) in Booneville, MS.; Mixed-use zoning allowing for office, retail, and other commercial uses.
    Request Owner's contact information
    1 Parker Dr Booneville, MS 38829
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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
    1 Parker Dr Booneville, MS 38829
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