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OFF-MARKET
Land

1248 Ms-42 Sumrall, MS 39482

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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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