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    508 Tate St Corinth, MS 38834

    For Sale
    $625,000

    9,201 SF, $625,000 - Huge Potential

    Property size:
    9,201 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,201 square foot commercial property, located at 508 Tate St. in Corinth, Mississippi, presents a unique investment opportunity. Priced at $625,000, this special purpose land boasts a highly desirable location within Alcorn County, zip code 38834 (34.9321188, -88.5213601). The property has served as a successful, long-standing business in Corinth, establishing a proven track record. Its versatility allows for a wide range of commercial uses. Imagine transforming this space into a thriving retail center, dividing it into multiple stores, or adapting it to suit your specific business needs. The possibilities are extensive, making this a truly exceptional opportunity for an entrepreneur or investor seeking a prime location with significant potential for growth and return. The property is currently vacant and ready for immediate development or occupancy. This is a rare chance to acquire a substantial commercial property in a well-established area of Corinth, Mississippi. Don't miss this chance to own a piece of Corinth's commercial landscape.

    Property Features for 508 Tate St

    General Information

    Property type
    Land
    Square Feet
    9,201 SF

    HighLights

    • Asking price: $625,000
    • Property type: 9,201 square foot commercial land parcel in Corinth, MS
    • Located at 508 Tate St., Corinth, MS 38834
    • Excellent location, suitable for various commercial uses, including retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Corinth
    County
    Alcorn
    State
    Mississippi
    Longitude
    -88.5213601
    Latitude
    34.9321188

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    FAQs

    What type of property is this?
    Land - 9,201 SF, $625,000 - Huge Potential
    Where is this land located?
    The property is located at 508 Tate St Corinth, MS.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Asking price: $625,000; Property type: 9,201 square foot commercial land parcel in Corinth, MS; Located at 508 Tate St., Corinth, MS 38834
    Request Owner's contact information
    508 Tate St Corinth, MS 38834
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    Corinth, MS 38834
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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
    508 Tate St Corinth, MS 38834
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