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    1600 B St Meridian, MS 39301

    For Sale
    $125,000

    Prime Meridian location, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 1600 B Street in Meridian, Mississippi, presents a unique investment opportunity. Priced at $125,000, the property boasts a versatile layout previously utilized as a thriving farmers market. Its strategic location within a high-traffic area ensures excellent visibility and accessibility for a wide range of potential businesses. The property includes a single-family residence, adding to its overall value and potential uses. The address is 1600 B Street, Meridian, MS 39301, situated in Lauderdale County. This presents a chance to acquire a well-positioned commercial space with significant potential for redevelopment or continued use as a market or similar enterprise. The property's existing infrastructure and high-traffic location offer a solid foundation for a variety of commercial ventures. The inclusion of a single-family residence provides additional flexibility and potential income streams. Serious inquiries are encouraged to explore the possibilities this property offers. The property is classified as Special Purpose. Its geographic coordinates are 32.3641507 latitude and -88.6915306 longitude. This is a rare opportunity to own a piece of Meridian's commercial landscape.

    Property Features for 1600 B St

    General Information

    Property type
    Specialty properties

    HighLights

    • $125,000 asking price.
    • Special purpose property located at 1600 B Street, Meridian, MS 39301.
    • Previously operated as a farmers market; includes a single‑family residence.
    • High traffic area.
    Property Profile Insight Report 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 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
    -88.6915306
    Latitude
    32.3641507

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    FAQs

    What type of property is this?
    Specialty property - Prime Meridian location, high traffic area.
    Where is this specialty property located?
    The property is located at 1600 B St Meridian, MS.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price.; Special purpose property located at 1600 B Street, Meridian, MS 39301.; Previously operated as a farmers market; includes a single-family residence.
    Request Owner's contact information
    1600 B St Meridian, MS 39301
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    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
    1600 B St Meridian, MS 39301
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