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Property profile & analytics
OFF-MARKET
Land

18159 Highway 15 Decatur, MS 39327

6.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.4-acre commercial property in Newton County, Mississippi, presents a unique investment opportunity. Located on Highway 15, just two miles north of Decatur, the land boasts a 3,200 square foot house featuring four bedrooms and two and a half bathrooms. The property includes a sunroom and a custom outdoor kitchen complete with a gas grill, stove, custom wood cabinets, and a wood-burning stone fireplace. Additional improvements include a two-car garage, a detached two-car carport, and a substantial 40'x60' shop with stained concrete floors, cedar cabinets, a full bathroom, and a dedicated tool room. Modern conveniences such as central heat and air, a tankless water heater, and Wi-Fi are already installed. The property also benefits from a private water well, eliminating water bills. Adding to its income potential, two rental properties situated on the rear of the land generate approximately $1,500 in monthly rental income. Mature oak trees enhance the aesthetic appeal of this expansive property, offering a blend of residential comfort and significant commercial potential. The property's strategic location and diverse features make it an attractive investment for a variety of commercial ventures. The asking price is $550,000. The property's zip code is 39327.

Property profile
Verified
Property type Land
Lot 6.4 ac (278,784 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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