Property profile

Natchez, MS 39120

OFF-MARKET
Retail properties & Spaces
9.7 ac lot
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Property summary

AI-generated overview

This exceptional 9.7-acre commercial land parcel presents a remarkable investment opportunity in Natchez, Mississippi. Located on Highway 61 South, this property boasts 577 feet of high-visibility frontage, ensuring maximum exposure for any development. The parcel is situated within the Natchez city limits, offering convenient access to essential amenities and infrastructure. The land itself features a narrow ridge running east-west and has been extensively cleared and grubbed, significantly reducing site preparation costs for future construction. Detailed plats and maps are available for review, showcasing the property's unique topography and development potential. The property's zoning designation is B-4 Highway Business Commercial Use, allowing for a wide range of development options, including office, residential (single-family), retail, retail-pad, and multi-family uses. This versatile property is ideal for developers seeking a strategically located site with significant frontage on a major highway. The asking price is $194,000. The property's APN is 57-34.5. Furthermore, the possibility exists to combine this tract with adjacent parcels, creating an even larger development footprint. This presents a rare opportunity to acquire a prime commercial property in a thriving Mississippi location.

Property profile

Verified
Property type Retail properties & Spaces
Lot 9.7 ac (422,532 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Natchez, MS 39120
Natchez metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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