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    1 Promenade Pkwy D'Iberville, MS 39540

    Sponsored
    For Sale
    $1,800,000

    1.08-acre Opportunity Zone site, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.08-acre commercial land parcel in D'Iberville, Mississippi, presents a unique investment opportunity within a thriving Opportunity Zone. Located at 1 Promenade Parkway, this vacant lot is ideally situated adjacent to "The Promenade," a premier retail center anchored by major national brands including Target, Kohl's, Best Buy, Dick's Sporting Goods, Bed Bath & Beyond, Ashley HomeStore, and Kirkland's. A new Hobby Lobby is currently under construction, further solidifying the area's retail strength. The property boasts a convenient location, with easy access via a newly opened I-10 eastbound on-ramp to Promenade Parkway. Its proximity to Keesler Air Force Base (3.5 miles), contributing a $1.6 billion economic impact to the Mississippi Coast, and major casinos (5 miles) including Beau Rivage, Hard Rock, Golden Nugget, and Imperial Palace, ensures high visibility and strong potential for future growth. The site is fully entitled with Id-D Interstate District zoning, wetlands mitigation completed, utilities readily available at the road, and detention facilities in place. Street lamps line Promenade Parkway, enhancing visibility and safety. The land has been cleared and graded, with a grading plan available upon request. The asking price is $1,800,000, reflecting a land value of $1,038,888 per acre. This is a NNN lease type property with vacant tenancy. The APN is 1308I-01-036.000. Don't miss this chance to capitalize on this prime retail development opportunity.

    Property Features for 1 Promenade Pkwy

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • $1,800,000 asking price for 1.08 acres of vacant, commercially zoned land.
    • Prime Opportunity Zone retail site adjacent to the only Target on the Mississippi Gulf Coast.
    • Located in a retail center anchored by Target, Kohl's, Best Buy, Dick's Sporting Goods, Bed Bath & Beyond, Ashley HomeStore, and Kirkland's; Hobby Lobby under construction.
    • Direct access via new I‑10 eastbound on‑ramp to Promenade Parkway.
    • Five miles from major Gulf Coast casinos.
    • 3.5 miles from Keesler Air Force Base, contributing $1.6 billion to the local economy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    D'Iberville
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9018881
    Latitude
    30.4561241

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    FAQs

    What type of property is this?
    Land - 1.08-acre Opportunity Zone site, ready to build.
    Where is this land located?
    The property is located at 1 Promenade Pkwy D'Iberville, MS.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price for 1.08 acres of vacant, commercially zoned land.; Prime Opportunity Zone retail site adjacent to the only Target on the Mississippi Gulf Coast.; Located in a retail center anchored by Target, Kohl's, Best Buy, Dick's Sporting Goods, Bed Bath & Beyond, Ashley HomeStore, and Kirkland's; Hobby Lobby under construction.
    Request Owner's contact information
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    D'Iberville, MS 39540
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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
    1 Promenade Pkwy D'Iberville, MS 39540
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