0 082H-33-015/01.00 Madison, MS 39110
This exceptional 6.58-acre commercial land parcel sits at the highly visible corner of Highway 51 and Reunion Parkway in Madison, Mississippi, zip code 39110. Currently undergoing rezoning to commercial use, this property presents a unique investment opportunity for retail development. The land is priced between $10 and $12 per square foot, with an asking price of $2,866,248. The property's strategic location benefits from its proximity to a new two-lane road construction project, spanning 1.3 miles from Parkway East to Highway 51. This new east-west corridor will significantly improve traffic flow, providing convenient access to residential areas, schools, and other commercial developments, boosting visibility and accessibility for businesses located on this site. The anticipated increase in traffic volume will create a favorable environment for retail businesses, enhancing their potential for success. All contracts are contingent upon the successful completion of the rezoning process, which is currently underway. This property offers significant potential for growth and contributes to the overall economic development of the community. The parcel is identified by the address 082H-33-015/01.00 and 082H-33-015/00.00.
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.