646 Hwy Meridian, MS 39301
This exceptional commercial property, priced at $325,000, presents a unique investment opportunity in Meridian, Mississippi. The 4,000 square foot metal building sits on a sizable 2.90-acre lot, offering ample space and potential for diverse uses. Strategically located on the highly trafficked Highway 11 & 80 intersection, this property enjoys excellent visibility and accessibility, being just a quarter-mile from Jimmie Rodgers Parkway. Previously utilized as an auto repair shop, the building features two overhead doors, two vehicle lifts, a private office, a restroom, and a dedicated storage room, providing a versatile layout adaptable to various business needs. The entire property is fully fenced, ensuring security and privacy. The building's metal construction promises durability and low maintenance, making it an attractive option for long-term investment. Its prime location and functional design make this property ideal for a range of commercial ventures. The substantial lot size also allows for potential expansion or future development. This is a rare opportunity to acquire a well-maintained, strategically located commercial building in a thriving Mississippi market. Contact us today to schedule a showing.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.