49 Richland St Richland, MS 39218
This exceptional 1.288-acre commercial land parcel presents a remarkable investment opportunity in Richland, Mississippi. Strategically located on the east side of Highway 49, behind the Roadway Inn Hotel, this property boasts unparalleled visibility to the high traffic volume of approximately 60,000 vehicles daily. The main buildable area measures approximately 158 feet by 285 feet, providing ample space for a variety of commercial developments. A smaller section of land along the frontage road offers excellent potential for business signage, maximizing exposure to the constant flow of traffic on Highway 49. The property's central location within the tri-county area makes it highly accessible and attractive to a wide range of businesses. Furthermore, there's a possibility of securing a billboard permit following the completion of the ongoing Highway 49 road construction project, further enhancing the advertising potential of this exceptional site. The asking price for this prime commercial land is $345,000. This property is situated in Rankin County, Mississippi, with the address listed as Highway 49, Richland, MS 39218.
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
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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.