1301 Memorial Dr Cleveland, MS 38732
This exceptional 44.5-acre commercial property in Bolivar County, Mississippi, presents a unique investment opportunity. Located within the Cleveland city limits at 1301 Memorial Drive, zip code 38732, this expansive tract offers diverse income potential. Approximately 35 acres are currently leased to a farmer, generating consistent agricultural revenue. An additional 10 acres are leased to a radio and cable company, utilizing two existing towers on the site for their operations. This dual-income stream provides immediate return on investment. The property also benefits from an existing easement from Memorial Drive, ensuring convenient access. The strategic location within a growing city like Cleveland suggests future development potential, potentially opening avenues for residential or commercial expansion. The asking price for this remarkable property is $250,000. This is a rare chance to acquire a substantial land holding with established income and significant upside potential. The property's size and location make it an attractive investment for both short-term and long-term growth. Don't miss this opportunity to secure a piece of Cleveland's future.
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
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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.