1139 Co Rd Myrtle, MS 38650
This exceptional industrial distribution center, located at 1139 Co Rd 67 in Myrtle, Mississippi, presents a significant investment opportunity. The property boasts a substantial 81,000 square feet of warehouse space, ideally suited for large-scale distribution operations. The building features 39 dock-high doors, facilitating efficient loading and unloading of goods. A significant advantage is the inclusion of an 856 square foot office area, providing ample space for administrative functions. The expansive 54-acre lot offers significant room for expansion or future development, with 4 acres currently improved with asphalt and gravel yard space. Further enhancing its logistical capabilities, the property includes a 600-foot rail spur connected to the BNSF rail line, complete with loading doors. Strategically located in northern Mississippi, approximately 50 miles southeast of Memphis, Tennessee, this property offers convenient access to Interstate 22, providing seamless distribution to Tennessee and Alabama. The asking price is $2,950,000, translating to $36.42 per square foot. This property's size, features, and location make it an attractive option for businesses seeking a robust and well-equipped distribution hub in a key transportation corridor. The property is zoned for industrial use and is ready for immediate occupancy. The dimensions of the warehouse are approximately 135 feet wide by 572 feet long.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.