Property profile

1013 Us-82 Indianola, MS 38751

OFF-MARKET
Retail properties & Spaces
23,487 SF 1.93 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional commercial property in Indianola, Mississippi, presents a significant redevelopment opportunity. Located at 1013 US-82, this owner-occupied retail establishment comprises two separate buildings totaling 23,487 square feet on a 1.931-acre lot. The main retail store, built in 1989, occupies 15,237 square feet and features a metal-clad exterior. An adjacent 8,250-square-foot building, constructed in 2002, serves as a kitchen and production area, also with a metal-clad exterior. Both two-story structures are situated on two adjoining parcels (APN: 119K-32-00-004.00 & 119K-32-00-007.00) with excellent visibility, boasting 97 feet of frontage on Highway 82 and 372 feet on Academy Drive. The property is conveniently located one block west of the Highway 82 and Highway 49 intersection in the heart of the Mississippi Delta. The buildings are in average condition, having undergone several renovations over the years. Currently zoned C-3, this property offers significant potential for a variety of commercial uses. This is a for-sale-by-owner opportunity. The property is being sold as an owner-user investment and is ideal for redevelopment.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1989
Total area 23,487 SF
Lot 1.93 ac (84,114 SF)

Cap rate & NOI

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

Location

1013 Us-82 Indianola, MS 38751
Indianola metro
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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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