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    539 Bonita Lakes Dr Meridian, MS 39301

    For Sale
    $950,000

    Prime 6,550 SF Corner Lot, $950K

    Property size:
    6,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 6,550 square foot commercial property, located at 539 Bonita Lakes Drive in Meridian, Mississippi, presents a unique investment opportunity. Situated on a highly visible 1.84-acre corner lot at the entrance to the Uptown Meridian Mall (Bonita Lakes), this former O'Charley's Restaurant & Bar offers significant potential for a variety of businesses. The property boasts ample parking with 157 spaces, ensuring convenient access for customers. Its prime location within a thriving retail center guarantees high foot traffic and excellent visibility. The spacious layout provides flexibility for adaptive reuse, making it suitable for a wide range of commercial ventures. The asking price is $950,000. The property's address is 539 Bonita Lakes Drive, Meridian, MS 39301, and is located in Lauderdale County. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location with strong potential for return on investment. The property's size and location make it an ideal candidate for redevelopment or repurposing to suit a variety of business needs. The substantial parking area further enhances its appeal to potential tenants or owners. Don't miss this chance to secure a prime commercial property in a bustling retail environment.

    Property Features for 539 Bonita Lakes Dr

    General Information

    Property type
    Specialty properties
    Square Feet
    6,550 SF

    HighLights

    • $950,000 asking price.
    • 6,550 square foot special purpose property.
    • Located at 539 Bonita Lakes Drive, Meridian, MS 39301.
    • Former O'Charley's Restaurant & Bar.
    • 1.84‑acre corner lot at Uptown Meridian Mall entrance with 157 parking spaces.
    • Suitable for various business types.
    Property Profile 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 Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6725063
    Latitude
    32.3611102

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    FAQs

    What type of property is this?
    Specialty property - Prime 6,550 SF Corner Lot, $950K
    Where is this specialty property located?
    The property is located at 539 Bonita Lakes Dr Meridian, MS.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; 6,550 square foot special purpose property.; Located at 539 Bonita Lakes Drive, Meridian, MS 39301.
    Request Owner's contact information
    539 Bonita Lakes Dr 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
    539 Bonita Lakes Dr Meridian, MS 39301
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