400 Highway 61 Foote, MS 38731
- Retail properties
- 10,900 SF
Current Use by Public Records
- Retail properties
Property Details for 400 Highway 61
- Property size
- 10,900 SF
- Property type
- Retail properties
Description
This exceptional 10,900 square foot retail property, located at 400 Highway 61 North in Merigold, Mississippi (zip code 38731), presents a lucrative investment opportunity. Situated less than a quarter mile from the high-traffic intersection of Highways 61 and 8 in nearby Cleveland, MS, this building boasts excellent visibility and accessibility for potential tenants. Currently, two of the three suites are occupied by established and successful restaurant and retail businesses, providing a stable income stream. The property features ample parking, with approximately 20,000 square feet of concrete paving ensuring convenient customer access. The asking price for this prime retail center is $1,000,000. This property offers a blend of existing tenancy and significant potential for future growth, making it an attractive investment in a dynamic Mississippi market. The property's location near the intersection of two major highways guarantees high traffic volume and significant exposure to potential customers, making it an ideal location for a variety of retail businesses. The substantial parking area further enhances the property's appeal to both tenants and customers. This is a rare opportunity to acquire a well-located, income-producing retail property in a growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Foote
- County
- Bolivar
- State
- Mississippi
- Longitude
- -91.0443
- Latitude
- 33.0802