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    2056 State St Corinth, MS 38834

    For Sale
    $261,360

    4-Acre Commercial/Industrial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 4-acre commercial and industrial land parcel presents a unique investment opportunity in Corinth, Mississippi. Strategically located just off the intersection of US-45 and South Harper Street, this property boasts a daily combined traffic count of 29,000 vehicles, ensuring high visibility and accessibility. The land is zoned Suburban Corridor, one of the most flexible zoning designations available, permitting a wide array of uses. Permitted uses include, but are not limited to, recreational facilities (indoor and outdoor), banking institutions, retail establishments, lodging accommodations, office spaces, restaurants, service stations and automotive-related businesses, medical facilities, and a significant number of medical cannabis-related uses. The asking price is $261,360, translating to a land value of $1.50 per square foot. The property's Alcorn County location (APN: 080515 02201) and its high-traffic intersection location make it an ideal site for a variety of commercial ventures. This prime location offers unparalleled interstate visibility and access to a substantial daily traffic flow, making it an attractive investment for both established businesses and new ventures seeking a prominent presence in a thriving Mississippi market. The expansive lot size provides ample space for development, catering to a wide range of project scales and requirements.

    Property Features for 2056 State St

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • Excellent interstate visibility.
    • High‑traffic count intersection.
    • Zoning allows for a wide variety of commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Corinth
    County
    Alcorn
    State
    Mississippi
    Longitude
    -88.542788149629
    Latitude
    34.907152848358

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    FAQs

    What type of property is this?
    Land - 4-Acre Commercial/Industrial Lot, High Traffic
    Where is this land located?
    The property is located at 2056 State St Corinth, MS.
    What is the asking price?
    The asking price for this property is $261,360.
    What are key features of this property?
    This property features: Excellent interstate visibility.; High-traffic count intersection.; Zoning allows for a wide variety of commercial uses.
    Request Owner's contact information
    2056 State St Corinth, MS 38834
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    Corinth, MS 38834
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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
    2056 State St Corinth, MS 38834
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