518 Us-61, Natchez, MS 39120
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.