Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    511 23Rd Ave Meridian, MS 39301

    For Sale
    $1,250,000

    Prime Meridian Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity in Meridian, Mississippi, presents three buildings and three vacant lots totaling $1,250,000. Located directly across from the Mississippi State University Meridian downtown campus at 511 23rd Avenue, this property boasts significant potential for redevelopment and repurposing. The existing structures are in good structural condition, offering a solid foundation for a variety of uses. Imagine transforming this property into a thriving mixed-use development, incorporating office spaces, residential apartments on the second floor, retail shops, or a small business hub. The three vacant lots provide ample space for parking or further expansion, enhancing the property's overall value and functionality. The address is 511 23rd Avenue, Meridian, MS 39301, in Lauderdale County. This unique offering combines the benefits of a prime location with the flexibility to create a tailored commercial venture. The property's strategic position across from the MSU Meridian campus ensures high visibility and accessibility, making it an attractive proposition for investors seeking a high-return project with substantial upside. The existing buildings provide a solid base for immediate development, minimizing initial investment costs and accelerating the return on investment. Don't miss this chance to acquire a significant commercial property in a rapidly growing area.

    Property Features for 511 23Rd Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • $1,250,000 Meridian, MS investment opportunity: three buildings and three vacant lots.
    • Prime location directly across from Mississippi State University Meridian campus (511 23rd Avenue, Meridian, MS 39301).
    • Existing buildings offer solid foundation for redevelopment; suitable for mixed‑use development (office, residential, retail).
    • Vacant lots provide ample parking or expansion potential.
    • High visibility and accessibility ensure strong potential for high return on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glasshouse Events Event Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.701349
    Latitude
    32.363608

    Nearby Similar for Sale

    • $1,500,000
      62.00 Acres

      Sprawling Fenced Estate in Meridian

      Luxurious estate with main residence, guest house, and amenities.
      1600 22Nd Avenue Hts, Meridian, MS 39301
      View Details
    • $214,900
      2,530 SF

      Multi-Family Home in Meridian, MS

      Multi-family home with potential for improvement and value growth.
      2300 23Rd Ave, Meridian, MS 39301
      View Details
    • $2,250,000
      5,986 SF

      Established Retail Business For Sale

      Long-standing gun and outdoor retail business with real estate and inventory.
      3505 8Th Street Ext, Meridian, MS 39301
      View Details
    • $149,000
      735 SF

      Commercial Building on Highway 19N

      Well-maintained commercial building with high traffic and secure workspace.
      420 N 19Th St, Meridian, MS 39301
      View Details
    • $123,000

      Meridian, MS Church For Sale

      Church in the Southeast area, potential for barndominium conversion.
      1792 Ms-496, Meridian, MS 39301
      View Details
    • $35,000
      0.26 Acres

      Meridian Office Building For Sale

      Commercial building with multiple office areas and large backyard.
      4717 8Th Street Ext, Meridian, MS 39301
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime Meridian Location, High Potential
    Where is this specialty property located?
    The property is located at 511 23Rd Ave Meridian, MS.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 Meridian, MS investment opportunity: three buildings and three vacant lots.; Prime location directly across from Mississippi State University Meridian campus (511 23rd Avenue, Meridian, MS 39301).; Existing buildings offer solid foundation for redevelopment; suitable for mixed-use development (office, residential, retail).
    Request Owner's contact information
    511 23Rd Ave Meridian, MS 39301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    511 23Rd Ave
    Meridian, MS 39301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    511 23Rd Ave Meridian, MS 39301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.