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    311 Karlie Dr Richland, MS 39218

    Sponsored
    For Sale
    $790,910

    3.63-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.63-acre commercial land parcel presents a unique development opportunity in Richland, Mississippi. Located at 311 Karlie Dr, this property boasts a highly desirable location adjacent to a Kroger and Dollar General, ensuring high visibility and significant foot traffic. The site benefits from exceptional daily traffic counts exceeding 47,000 vehicles, due to its proximity to the intersection of US-49 and Scarborough Street (40,000 and 7,700 vehicles respectively). Scarborough Street serves as a key connector road linking the residential areas west of US-49 to the bustling retail corridor along the highway. Richland's strategic position bordering Interstates 20 and 55, and its close proximity to Jackson International Airport, solidify its status as a central hub for Mississippi's thriving transportation, manufacturing, distribution, and warehousing sectors. The property is zoned for commercial use and offers a land value of $5 per square foot, with an asking price of $790,910. A recent $250 million, 7.5-mile road widening and improvement project along Highway 49 further enhances the property's accessibility and appeal. This is a rare chance to acquire a strategically located commercial lot in a rapidly growing area with excellent infrastructure and high traffic volume. The property's proximity to established businesses and major transportation arteries makes it ideal for a variety of commercial developments.

    Property Features for 311 Karlie Dr

    General Information

    Property type
    Land
    Lot Size
    158,123 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1554602
    Latitude
    32.2152568

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 3.63-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 311 Karlie Dr Richland, MS.
    What is the asking price?
    The asking price for this property is $790,910.
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    311 Karlie Dr Richland, MS 39218
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    Richland, MS 39218
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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
    311 Karlie Dr Richland, MS 39218
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