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400 Hwy 61 Merigold, MS 38759

OFF-MARKET Retail properties & Spaces Google Maps
10,900 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 10,900 square foot retail building is located at 400 Highway 61 North in Cleveland, Mississippi, Bolivar County, zip code 38759. Priced at $1,000,000, this property boasts a prime location less than a quarter mile from the intersection of Highways 61 and 8, ensuring high visibility and significant traffic exposure. The building currently houses two thriving retail and restaurant businesses, with one suite available for lease. Ample parking is provided by approximately 20,000 square feet of concrete paving on the lot. This presents a strong investment opportunity for buyers seeking a well-located retail property with existing tenants and high traffic counts. The property's address is verified as 400 Highway 61 North, Merigold, MS. The geographic coordinates are 33.8426289 latitude and -90.7245875 longitude. This is a turnkey opportunity in a busy commercial corridor.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,900 SF

Cap rate & NOI

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

Value estimations

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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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