1589 Ms-178 Myrtle, MS 38650
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.