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    00 Highway 11 Picayune, MS 39466

    For Sale
    $304,500

    1.89 Acres, Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.89-acre commercial land parcel, located at 00 Highway 11 North in Pearl River, Mississippi, presents a unique investment opportunity. Situated in the 39466 zip code, this property boasts a highly desirable location with excellent access to Highway 11 North. The asking price for the entire parcel is $304,500. However, the property offers significant flexibility, as it can be sold as a single unit or divided. A portion of the land, specifically the 1.89 acres situated on Peach Street, presents itself as an ideal location for a variety of development projects. This could include the construction of apartments, duplexes, or other commercial ventures, catering to the growing needs of the community. Furthermore, there is an option to purchase a smaller, separately deeded portion of this land for $100,000. This presents a compelling opportunity for investors seeking a smaller-scale investment or those looking to acquire a strategically positioned parcel for future development. The property's prime location and versatile zoning make it an attractive proposition for both short-term and long-term investment strategies. Detailed surveys and zoning information are readily available upon request. Don't miss this chance to secure a piece of prime commercial real estate in a thriving Mississippi market.

    Property Features for 00 Highway 11

    General Information

    Property type
    Land

    HighLights

    • $304,500 asking price for commercial land.
    • 1.89 acres of commercial land located in Pearl River, MS.
    • Property located at 00 Highway 11 North, zip code 39466.
    • Potential for multi‑family or commercial development.
    • Possible sale as one parcel or separately; a 1.89‑acre portion is available for $100,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.6728812
    Latitude
    30.5375871

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    FAQs

    What type of property is this?
    Land - 1.89 Acres, Development Opportunity
    Where is this land located?
    The property is located at 00 Highway 11 Picayune, MS.
    What is the asking price?
    The asking price for this property is $304,500.
    What are key features of this property?
    This property features: $304,500 asking price for commercial land.; 1.89 acres of commercial land located in Pearl River, MS.; Property located at 00 Highway 11 North, zip code 39466.
    (601) 377-1999
    Request Owner's contact information
    00 Highway 11 Picayune, MS 39466
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    00 Highway 11
    Picayune, MS 39466
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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
    00 Highway 11 Picayune, MS 39466
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