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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2255 Veterans Memorial Blvd Tupelo, MS 38804

24.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 24.5-acre mixed-use property presents a remarkable investment opportunity in Tupelo, Mississippi. Strategically located at the corner of North Veterans Boulevard and the I-22 interchange, this site boasts approximately 1900 feet of road frontage, ensuring high visibility and accessibility. Currently zoned as Mixed Use Commercial Corridor, the property offers significant development potential for a variety of commercial and potentially residential uses. The land is largely open, with existing gravel parking areas. The seller is actively removing existing structures, paving the way for a clean slate and customized development. This prime location benefits from substantial traffic counts due to its proximity to the I-22 interchange, a major transportation artery. The property's size and zoning flexibility make it ideal for a wide range of projects, from retail centers and restaurants to residential complexes or a combination thereof. All information provided is subject to verification. This is a rare opportunity to acquire a large, well-located parcel in a thriving Mississippi market. The property is situated in Lee County, Mississippi, with a 38804 zip code. This presents a unique chance to capitalize on the growth and development potential of this high-traffic area. Don't miss this chance to secure a significant piece of Tupelo's commercial landscape. The asking price is $8,000,000.

Property profile
Verified
Property type Retail properties & Spaces
Lot 24.5 ac (1,067,220 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
Current use
Occupant on record · Public records
  • Darrell's Truck & Trailer Services (Bike/Boat/Book/etc) Store Auto Parts Store
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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