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    OFF-MARKET
    Land

    6499 Highway 11, Picayune, MS 39466

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    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 6499 Highway 11 North in Picayune, Mississippi, presents a unique investment opportunity. Boasting approximately 530 feet of frontage on the heavily travelled Highway 11 North corridor, this property benefits from its position within a rapidly expanding commercial area. The surrounding businesses include dentist offices, medical clinics, insurance agencies, a power company office, climate-controlled storage facilities, and convenience stores, demonstrating a strong and diverse commercial presence. While situated outside the city limits of Picayune, annexation is a possibility, and city water and sewer services are conveniently located across Highway 11, making utility connections straightforward. This prime commercial land offers exceptional visibility and accessibility, making it ideal for a wide range of commercial developments. The asking price is $765,784. The property's location in Pearl River County, zip code 39466, ensures easy access to major transportation routes and a growing consumer base. This is a rare opportunity to acquire a significant piece of land in a thriving commercial area with excellent potential for future growth and return on investment.

    Property profile
    Verified
    Property type Land
    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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