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    001 Virginia Dr Meridian, MS 39301

    Sponsored
    For Sale
    $60,000

    Prime Location, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, priced at $60,000, presents a unique investment opportunity in Meridian, Mississippi. Situated at 001 VIRGINIA Drive, this special purpose property boasts an enviable location directly adjacent to Lowe's and Walmart on 1st Street, ensuring high visibility and significant foot traffic. The property's strategic placement offers unparalleled accessibility to major transportation arteries, including Interstate 20/59, Highway 19, and Highway 45. This convenient access to these key thoroughfares provides exceptional ease of movement for both customers and employees. The property's address is 001 VIRGINIA Drive, Meridian, MS 39301, within Lauderdale County. Its geographical coordinates are 32.3667833 latitude and -88.6756825 longitude. Given its proximity to established retail giants and its excellent highway access, this property is ideally suited for a variety of commercial ventures. The high traffic volume in this area guarantees significant exposure, making it an attractive proposition for businesses seeking a prominent location with strong potential for growth and success. The property's special purpose designation offers flexibility for a range of commercial uses, subject to local zoning regulations. This is a rare opportunity to acquire a highly visible and accessible commercial property in a thriving retail corridor.

    Property Features for 001 Virginia Dr

    General Information

    Property type
    Specialty properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6756825
    Latitude
    32.3667833

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    FAQs

    What type of property is this?
    Specialty property - Prime Location, High Traffic Area
    Where is this specialty property located?
    The property is located at 001 Virginia Dr Meridian, MS.
    What is the asking price?
    The asking price for this property is $60,000.
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    001 Virginia Dr 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
    001 Virginia Dr Meridian, MS 39301
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