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    1740 Bonita Lakes Cir Meridian, MS 39301

    For Sale
    $2,475,000

    Massive 102,060 SF commercial space. Prime location.

    Property size:
    102,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property, located at 1740 Bonita Lakes Circle in Meridian, Mississippi, presents a unique investment opportunity. The expansive 102,060 square foot building sits on a sizable 9.972-acre lot and is ideally situated within the Uptown Meridian Mall (Bonita Lakes Mall) complex. Previously occupied by Sears, the property comprises two distinct sections: a retail space and an automotive center. The retail area boasts three main exterior entrances, one convenient mall entrance, three loading dock doors, and several additional exterior doors, providing ample access and flexibility for various commercial uses. The automotive center section features eight bay roll-up doors and a substantial work center, perfectly suited for automotive repair, warehousing, or other businesses requiring large bay access. The property's size, location within a thriving shopping mall, and versatile layout make it an attractive prospect for a wide range of commercial ventures. The asking price is $2,475,000. The property's zip code is 39301, and it is located in Lauderdale County, Mississippi. This is a rare opportunity to acquire a significant commercial property in a high-traffic area.

    Property Features for 1740 Bonita Lakes Cir

    General Information

    Property type
    Specialty properties
    Square Feet
    102,060 SF

    HighLights

    • 102,060 SF building on a 9.97‑acre lot in the Uptown Meridian Mall (Bonita Lakes Mall) complex in Meridian, MS.
    • Previously occupied by Sears, the property includes separate retail and automotive sections.
    • Retail space features three exterior entrances, one mall entrance, three loading docks, and multiple exterior doors.
    • Automotive center section has eight bay roll‑up doors and a large work center.
    • Asking price: $2,475,000. Located at 1740 Bonita Lakes Circle, Meridian, MS 39301 (Lauderdale County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6743452
    Latitude
    32.3578515

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    FAQs

    What type of property is this?
    Specialty property - Massive 102,060 SF commercial space. Prime location.
    Where is this specialty property located?
    The property is located at 1740 Bonita Lakes Cir Meridian, MS.
    What is the asking price?
    The asking price for this property is $2,475,000.
    What are key features of this property?
    This property features: 102,060 SF building on a 9.97-acre lot in the Uptown Meridian Mall (Bonita Lakes Mall) complex in Meridian, MS.; Previously occupied by Sears, the property includes separate retail and automotive sections.; Retail space features three exterior entrances, one mall entrance, three loading docks, and multiple exterior doors.
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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
    1740 Bonita Lakes Cir Meridian, MS 39301
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