Property summary
This exceptional investment opportunity encompasses 15.2 acres of prime commercial real estate situated on Highway 98 in Lucedale, Mississippi, zip code 39452. The property boasts over 750 feet of highway frontage, placing it at the heart of thriving commercial activity. The offering includes five buildings totaling 14,000 square feet, presenting a diverse range of possibilities. Two buildings are currently leased and operational as established businesses. One building, included in the sale, comes equipped with some existing equipment and features a one-bedroom apartment. Approximately four acres are currently utilized by these businesses, leaving approximately eleven acres available for future development or expansion. The property's strategic location is complemented by its proximity to a diverse range of established businesses, including a truck stop, hotel, trailer manufacturing plant, trucking company, garden center, and a Dollar General. The asking price is $1,500,000, translating to $107.14 per square foot. This rare investment opportunity is ideal for those seeking significant growth potential in a high-traffic location. The property's size and existing infrastructure provide a solid foundation for immediate income generation and future expansion. Don't miss this chance to acquire a substantial piece of Lucedale's commercial landscape.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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