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    510 Canal St - Picayune, MS 39466

    For Sale
    $55,000

    Downtown Picayune land, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land parcel, located at 510 West Canal Street, Lot 10 in Picayune, Mississippi (zip code 39466), presents a unique investment opportunity. Priced at $55,000, this 50' wide x 132' deep lot offers significant potential. Situated in the heart of historic downtown Picayune, this property benefits from its prime location within the designated recreation area, allowing for golf cart usage and to-go alcohol sales for special events (subject to verification with the City of Picayune). The lot boasts frontage on West Canal Street and access via a rear utility easement currently used by neighboring businesses for deliveries. This thriving area is home to a diverse range of established businesses, including a flower shop, church, and professional offices. Within a short distance (1-3 blocks), you'll find restaurants, antique shops, and boutiques, adding to the vibrant atmosphere. Lot 9, of identical dimensions, is also available for purchase, allowing for the possibility of acquiring both lots for a larger development. A survey is available upon request. This is a rare opportunity to own a piece of Picayune's bustling downtown.

    Property Features for 510 Canal St -

    General Information

    Property type
    Land

    HighLights

    • Prime 50' x 132' commercial lot in downtown Picayune, MS, priced at $55,000.
    • Located in a designated recreation area allowing golf cart usage and potential to‑go alcohol sales (city verification required).
    • Frontage on West Canal Street with rear utility easement access.
    • Surrounded by diverse businesses including restaurants, shops, and professional offices.
    • Adjacent lot (Lot 9) also available for purchase.
    • Survey available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.6857526
    Latitude
    30.5273301

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    FAQs

    What type of property is this?
    Land - Downtown Picayune land, excellent location.
    Where is this land located?
    The property is located at 510 Canal St - Picayune, MS.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Prime 50' x 132' commercial lot in downtown Picayune, MS, priced at $55,000.; Located in a designated recreation area allowing golf cart usage and potential to-go alcohol sales (city verification required).; Frontage on West Canal Street with rear utility easement access.
    Request Owner's contact information
    510 Canal St - Picayune, MS 39466
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    Picayune, MS 39466
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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
    510 Canal St - Picayune, MS 39466
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