1068 Kokomo Rd Kokomo, MS 39643
This exceptional 1.36-acre commercial property, located at 1068 Kokomo Road in Kokomo, Mississippi (zip code 39643, Marion County), presents a unique dual-use opportunity. The property features a 1,000 square foot building currently configured as a retail space. The building includes a 18x25 foot enclosed office area at the front and a 20x40 foot, two-bay open area at the rear. This versatile rear space offers significant potential for conversion into a barndominium or continued use as an operating business. The expansive 1.36-acre lot provides ample space for additional development, such as constructing a house or placing a mobile home, making this an unrestricted property with significant flexibility. The property's location on Kokomo Road offers excellent visibility and accessibility. Priced competitively at $59,500, this property represents a compelling investment opportunity for entrepreneurs and investors seeking a versatile commercial space with significant expansion potential in a desirable location. The property's zoning allows for a variety of uses, making it an ideal choice for those seeking a flexible and adaptable commercial space. Don't miss this chance to acquire a valuable piece of Mississippi real estate.
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
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.