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Property profile & analytics
OFF-MARKET
Commercial real estate

1 16 Hwy Carthage, MS 39051

0.6 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional .60-acre commercial lot presents a unique investment opportunity in Carthage, Mississippi. Boasting a highly desirable C-3 (Highway Commercial) zoning designation, this property sits on four-lane Highway 16, a location boasting an impressive 14,000 vehicles per day according to MDOT traffic counts – the highest in Leake County. Its strategic placement directly across from Leake Central Elementary School ensures consistent high visibility and foot traffic. The property benefits from its proximity to numerous national retail chains, including Walmart, and popular restaurants such as Wendy's and McDonald's, guaranteeing a strong customer base. Further enhancing its appeal, a large convenience store is currently under construction directly adjacent to the lot, creating a synergistic retail environment. This prime location offers unparalleled exposure for a variety of commercial ventures, making it an ideal site for businesses seeking maximum visibility and accessibility. The property is priced at $220,000 and presents a compelling opportunity for significant return on investment. Contact us today to learn more about this exceptional commercial property.

Property profile
Verified
Property type Commercial real estate
Year built 2023
Lot 0.6 ac (26,136 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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