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    OFF-MARKET
    Land

    518 Us-61, Natchez, MS 39120

    1.03 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 1.03-acre commercial lot, located in Natchez, Mississippi, presents a prime opportunity for development. Situated on US Highway 61/84/98, in the Morgantown subdivision, this property boasts exceptional visibility and accessibility. The lot is part of Natchez's newest commercial development, offering convenient access via an existing concrete driveway and a new concrete roadway known as Enterprise Drive. The cleared, mostly level lot measures approximately 150 feet by 300 feet and is zoned B-4. Its strategic location places it between Concordia Bank and Patriot Express Car Wash, directly across Highway 61 from McDonald's, making it an excellent site for fast-food establishments or similar businesses. Utilities are readily available, including public water, sewer, electricity, and natural gas. The property's APN is 40-109 Portion#11, and its tax map number is 40-109. The asking price is $199,250. This high-traffic location offers significant potential for commercial success. The 150+ feet of road frontage provides ample space for building and signage. Don't miss this chance to secure a prominent location in a thriving commercial area.

    Property profile
    Verified
    Property type Land
    Lot 1.03 ac (44,867 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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