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    2255 Veterans Memorial Blvd Tupelo, MS 38804

    Sponsored
    For Sale
    $8,000,000

    24.5 Acres, High-Traffic Location, I-22 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24.5-acre mixed-use property presents a remarkable investment opportunity in Tupelo, Mississippi. Strategically located at the corner of North Veterans Boulevard and the I-22 interchange, this site boasts approximately 1900 feet of road frontage, ensuring high visibility and accessibility. Currently zoned as Mixed Use Commercial Corridor, the property offers significant development potential for a variety of commercial and potentially residential uses. The land is largely open, with existing gravel parking areas. The seller is actively removing existing structures, paving the way for a clean slate and customized development. This prime location benefits from substantial traffic counts due to its proximity to the I-22 interchange, a major transportation artery. The property's size and zoning flexibility make it ideal for a wide range of projects, from retail centers and restaurants to residential complexes or a combination thereof. All information provided is subject to verification. This is a rare opportunity to acquire a large, well-located parcel in a thriving Mississippi market. The property is situated in Lee County, Mississippi, with a 38804 zip code. This presents a unique chance to capitalize on the growth and development potential of this high-traffic area. Don't miss this chance to secure a significant piece of Tupelo's commercial landscape. The asking price is $8,000,000.

    Property Features for 2255 Veterans Memorial Blvd

    General Information

    Property type
    Land
    Lot Size
    1,067,220 SF

    HighLights

    • 24.5‑acre site with approximately 1900 feet of road frontage.
    • High traffic counts.
    • Mixed‑use commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Darrell's Truck & Trailer ... Tire Shop

    Suggested Use

    Restaurant Dental Office Building Supply Hotel & Motel Clothing Store Auto Parts Store Auto Repair Shop Wholesale Shop Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.676432595081
    Latitude
    34.288614725661

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    FAQs

    What type of property is this?
    Land - 24.5 Acres, High-Traffic Location, I-22 Access
    Where is this land located?
    The property is located at 2255 Veterans Memorial Blvd Tupelo, MS.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: 24.5-acre site with approximately 1900 feet of road frontage.; High traffic counts.; Mixed-use commercial zoning.
    Request Owner's contact information
    2255 Veterans Memorial Blvd Tupelo, MS 38804
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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
    2255 Veterans Memorial Blvd Tupelo, MS 38804
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