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    2420 8Th Street Ext Meridian, MS 39301

    For Sale
    $179,000

    Prime Location, Convenience Store, Gas Pumps

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property, located at 2420 8th Street in the heart of Meridian, Mississippi, presents a unique investment opportunity. Priced at $179,000, this special purpose property boasts approximately 1,500 square feet of retail space, previously utilized as a successful convenience store. The property's prime location in downtown Meridian ensures high visibility and accessibility for potential businesses. A key feature is the inclusion of four operational gas pumps, adding significant revenue potential. In addition to the main retail area, there is a separate 588 square foot office space equipped with its own utilities, offering flexibility for various business needs. The property is situated in Lauderdale County, Mississippi, with the zip code 39301. Its coordinates are 32.3654173 latitude and -88.7032028 longitude. This property is ideal for entrepreneurs seeking a well-established location with existing infrastructure, ready for immediate occupancy or redevelopment. The substantial square footage and gas pumps provide a strong foundation for a variety of commercial ventures. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 2420 8Th Street Ext

    General Information

    Property type
    Specialty properties

    HighLights

    • 1,500 SF retail space, previously a convenience store, located at 2420 8th Street, Meridian, MS 39301.
    • Priced at $179,000.
    • High‑visibility downtown Meridian location.
    • Four operational gas pumps.
    • Separate 588 SF office with utilities.
    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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.7032028
    Latitude
    32.3654173

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    FAQs

    What type of property is this?
    Specialty property - Prime Location, Convenience Store, Gas Pumps
    Where is this specialty property located?
    The property is located at 2420 8Th Street Ext Meridian, MS.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: 1,500 SF retail space, previously a convenience store, located at 2420 8th Street, Meridian, MS 39301.; Priced at $179,000.; High-visibility downtown Meridian location.
    Request Owner's contact information
    2420 8Th Street Ext 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
    2420 8Th Street Ext Meridian, MS 39301
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