12120 Old Hwy Lucedale, MS 39452
This exceptional 0.75-acre commercial land parcel presents a prime investment opportunity in Lucedale, Mississippi. Located at 12120 Old Highway 63, this property boasts unparalleled visibility and frontage on Old Highway 63, directly in front of the thriving Lucedale Marketplace Shopping Center. The site benefits from its strategic position amongst established national tenants, including Goodwill, Little Caesars, Subway, Dollar Tree, Shoe Show, and Waffle House, ensuring high traffic and consumer exposure. The property is zoned C-2 Highway Commercial, allowing for a wide range of development possibilities. This location offers significant potential for businesses seeking high visibility and convenient access to a substantial customer base. The asking price is $490,000. The owner is also open to considering ground lease offers, providing flexibility for potential investors. This is a rare opportunity to acquire a highly desirable commercial land parcel in a rapidly growing area. The property is situated in George County, Mississippi, with a zip code of 39452. Its coordinates are 30.90926740873466 latitude and -88.59767627021826 longitude.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.