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Property profile & analytics
OFF-MARKET
Warehouses

1589 Ms-178 Myrtle, MS 38650

10,610 SF 0.98 ac lot Built 1965
Property ID
Property summary
AI-generated overview

This vacant, 10,610-square-foot industrial property in Myrtle, Mississippi, presents a unique investment opportunity. Located on a 0.98-acre lot at 1589 MS-178, this single-story, Class D building offers a blend of warehouse and office space, ideal for various uses. The 1,688-square-foot office area features recently updated central heating and air conditioning. The expansive 8,922-square-foot warehouse boasts two central air units. Previously used as a cabinet shop, the property retains some original features, including an old wood kiln and paint booth. The property benefits from 3-phase power, fiber optic capabilities, and multiple bay doors. Its strategic location provides easy access to major transportation routes and nearby cities, including New Albany (6 miles), Ripley (23 miles), Holly Springs (28 miles), Tupelo (33 miles), Pontotoc (24 miles), and Oxford (32 miles). The Mississippi Department of Transportation estimated 2,600 average daily vehicles on Highway 178 West in 2022, highlighting the property's high visibility and accessibility. The asking price is $239,000, translating to $22.53 per square foot. The property's zoning is commercial, and the APN is 029R-21-012.00. This versatile space is well-suited for a variety of businesses, including auto repair, maintenance facilities, material storage, or other industrial operations. The property is vacant and ready for immediate occupancy. Built in 1965, this property offers significant potential for a savvy investor or business owner.

Property profile
Verified
Property type Warehouses
Year built 1965
Total area 10,610 SF
Lot 0.98 ac (42,689 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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