111 Us-11 Meridian, MS 39301
This exceptional mixed-use property in Meridian, Mississippi, presents a compelling investment opportunity. Located at 111 US-11, this 17,815-square-foot facility sits on a substantial 6.41-acre lot, offering significant development potential. Currently improved with a 17,815-square-foot conference center and restaurant, the property boasts a strategic location adjacent to Meridian's premier retail area, anchored by the 632,000-square-foot Bonita Lakes Mall, featuring major tenants such as Belk and Dillard's. Its convenient access to Interstates I-20 and I-59, as well as Highways 80 and 39, ensures high visibility and accessibility. The asking price is $2,300,000, translating to $129.10 per square foot. While approximately 0.89 acres of the lot are situated within a floodway, the substantial remaining area offers ample space for various uses. This property is ideal for hotels, restaurants, medical facilities, or corporate offices, presenting a rare chance to acquire a significant asset in a thriving Mississippi market. The property is offered for sale by owner.
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
Similar Nearby for Lease
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.