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    1305 22Nd Avenue Hts Meridian, MS 39301

    For Sale
    $599,000

    Modern Bank Building, Prime Location

    Property size:
    2,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 2,144 square foot special purpose building is ideally situated in the heart of Meridian's medical district at the corner of 22nd Avenue and 13th Street. Boasting an attractive architectural design featuring modern mirror glass, this property offers a unique opportunity for a variety of uses. Originally constructed as a bank, the building retains its original vault, a secure and intriguing feature. The property sits on a generous 17,640 square foot lot, providing ample parking both on-site and via convenient street parking. The asking price for this turnkey property is $599,000. Its prime location within the thriving medical district offers excellent visibility and accessibility, making it an attractive investment for discerning buyers. The building's modern aesthetic and unique history combine to create a truly distinctive commercial space. The substantial lot size allows for potential expansion or redevelopment, further enhancing its investment potential. This property presents a rare opportunity to acquire a well-maintained, architecturally striking building in a high-demand area. Serious inquiries are encouraged.

    Property Features for 1305 22Nd Avenue Hts

    General Information

    Property type
    Specialty properties
    Square Feet
    2,144 SF

    HighLights

    • $599,000 asking price.
    • 2,144 square foot Special Purpose building.
    • Situated on a 17,640 square foot corner lot at 22nd Avenue and 13th Street in Meridian, MS.
    • Modern building in Meridian's medical district, featuring mirror glass and a former bank vault.
    • Ample parking with both on‑site and street parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.7006861
    Latitude
    32.3700927

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    FAQs

    What type of property is this?
    Specialty property - Modern Bank Building, Prime Location
    Where is this specialty property located?
    The property is located at 1305 22Nd Avenue Hts Meridian, MS.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 2,144 square foot Special Purpose building.; Situated on a 17,640 square foot corner lot at 22nd Avenue and 13th Street in Meridian, MS.
    Request Owner's contact information
    1305 22Nd Avenue Hts 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
    1305 22Nd Avenue Hts Meridian, MS 39301
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