1248 Ms-42 Sumrall, MS 39482
This exceptional 1.3-acre commercial land parcel, totaling 56,628 square feet, presents a remarkable investment opportunity in the thriving town of Sumrall, Mississippi. Boasting 245 feet of highly visible frontage along Highway 42, this property offers unparalleled exposure for a wide range of commercial ventures. Its strategic location places it directly across from Sumrall Middle and High Schools, ensuring a consistent flow of potential customers. The property's proximity to downtown Sumrall and its convenient access to Highway 49 (7.7 miles west) further enhance its appeal. Lamar County, where this property is situated, experienced impressive 15.6% growth since the 2010 Census, making it the second fastest-growing county in Mississippi. The area also benefits from the consistently high ranking of the Lamar County School District within the state's top 10 public school districts. This property is ready for development, with existing utilities including city water and sewer from the City of Sumrall, a septic tank, CenterPoint Gas, and Mississippi Power. The versatility of this site allows for numerous possibilities, including convenience stores, restaurants, office spaces, and retail establishments. Don't miss this chance to capitalize on the growth and potential of this prime commercial location. The asking price is $167,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.