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    646 Hwy Meridian, MS 39301

    For Sale
    $325,000

    4,000 SF Metal Building, High Visibility

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property, priced at $325,000, presents a unique investment opportunity in Meridian, Mississippi. The 4,000 square foot metal building sits on a sizable 2.90-acre lot, offering ample space and potential for diverse uses. Strategically located on the highly trafficked Highway 11 & 80 intersection, this property enjoys excellent visibility and accessibility, being just a quarter-mile from Jimmie Rodgers Parkway. Previously utilized as an auto repair shop, the building features two overhead doors, two vehicle lifts, a private office, a restroom, and a dedicated storage room, providing a versatile layout adaptable to various business needs. The entire property is fully fenced, ensuring security and privacy. The building's metal construction promises durability and low maintenance, making it an attractive option for long-term investment. Its prime location and functional design make this property ideal for a range of commercial ventures. The substantial lot size also allows for potential expansion or future development. This is a rare opportunity to acquire a well-maintained, strategically located commercial building in a thriving Mississippi market. Contact us today to schedule a showing.

    Property Features for 646 Hwy

    General Information

    Property type
    Specialty properties
    Square Feet
    4,000 SF

    HighLights

    • $325,000 asking price.
    • 4,000 square foot special purpose building.
    • Located on Highway 11 & 80, Meridian, MS, 0.25 miles from Jimmie Rodgers Parkway.
    • Former auto repair shop with two overhead doors and two lifts.
    • Includes private office, restroom, storage, and fenced 2.9‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.648068
    Latitude
    32.3931124

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    FAQs

    What type of property is this?
    Specialty property - 4,000 SF Metal Building, High Visibility
    Where is this specialty property located?
    The property is located at 646 Hwy Meridian, MS.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price.; 4,000 square foot special purpose building.; Located on Highway 11 & 80, Meridian, MS, 0.25 miles from Jimmie Rodgers Parkway.
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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
    646 Hwy Meridian, MS 39301
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