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    781 Hwy Picayune, MS 39466

    Sponsored
    For Lease
    $15 SF/Yr

    Retail spaces available; prime location.

    Lot size:
    110,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Picayune Place Shopping Center presents a unique investment opportunity in Hancock County. This single-story, 110,000 square foot retail center is situated on a 22.48-acre lot on Memorial Boulevard, the primary retail corridor of Pearl River County. Its strategic location ensures excellent accessibility to a broad customer base, encompassing all of Pearl River County, and extending into portions of Hancock County, St. Tammany Parish, and Washington Parish. Currently, there are multiple spaces available, ranging from a minimum of 1,798 square feet to a maximum contiguous space of 15,000 square feet; a total of 60,817 square feet is currently vacant. Notable spaces include a 15,000 square foot former Grand Furniture location, a 3,600 square foot former E-Smoke & Vapors space, and a 2,000 square foot former Fisher Cabinets space. Additionally, a 1,798 - 37,775 square foot space occupied by Resurrection Life Church will become available in June 2025, and a 2,442 square foot church storage space will also be available at that time. The center boasts a diverse tenant mix of soft goods and service businesses, demonstrating a history of stable occupancy. This property offers significant potential for growth and profitability within a well-established retail environment. The center is currently fully leased, with the aforementioned spaces becoming available in the near future.

    Property Features for 781 Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,000 SF
    Total Rate
    137500

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,798 SF
    Space
    Available Space
    Size
    3,600 SF
    Space
    Available Space
    Size
    2,442 SF
    Space
    Available Space
    Size
    2,000 SF
    Space
    Available Space
    Size
    15,000 SF
    Rate per SF
    $20

    HighLights

    • Retail property totaling 110,000 square feet.
    • Multiple tenancy with 5 spaces available ranging from 1,798 to 37,775 square feet.
    • 60,817 square feet currently vacant.
    • Located on Memorial Boulevard in Pearl River County, serving a large regional market.
    • 22.48‑acre lot with one single‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Picayune
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.6816208
    Latitude
    30.5044923

    Nearby Comparable

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      Picayune Retail Space Available

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      Picayune Retail Space For Lease

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    Nearby Similar for Lease

    • $11 SF/Yr
      2,700 SF

      Picayune Retail Space For Lease

      Prime Retail/Office Space Available in MS
      421 Memorial Blvd, Picayune, MS 39466
      View Details
    • $5 SF/Yr
      99,080 SF

      Pine Tree Plaza: Retail Opportunity

      Prime Picayune Retail Center, Multiple Spaces Available
      790 Memorial Blvd, Picayune, MS 39466
      View Details
    • $14 SF/Yr
      5,076 SF

      Picayune Retail Space Available

      High-traffic retail/office suites in prime location.
      801 Highway 11, Picayune, MS 39466
      View Details
    • $12 SF/Yr
      50,787 SF

      Retail Space on Memorial Boulevard

      Large retail space in established Pearl River County retail corridor.
      790 Memorial Bvd, Picayune, MS
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail spaces available; prime location.
    Where is this retail property located?
    The property is located at 781 Hwy Picayune, MS.
    What is the lease rate?
    The lease rate is $0.00-$20 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 110,000 square feet.; Multiple tenancy with 5 spaces available ranging from 1,798 to 37,775 square feet.; 60,817 square feet currently vacant.
    Request Owner's contact information
    781 Hwy 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
    781 Hwy Picayune, MS 39466
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