Property profile

0 Monteith Ave Hernando, MS 38632

OFF-MARKET
Land
1.02 ac lot
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Property summary

AI-generated overview

This exceptional 1.02-acre commercial land parcel presents a compelling investment opportunity in the thriving Hernando, Mississippi market. Located in DeSoto County, at 34.81983528835192, -89.96866978692678, this flat, clear lot is competitively priced at $609,840. Its strategic position between 1150 and 1230 Monteith Avenue offers excellent visibility and accessibility. The property enjoys a convenient proximity to Lee Summit Park, enhancing its appeal and potential for attracting customers and employees. Hernando is experiencing significant growth, with numerous new construction projects underway, indicating a robust and expanding commercial landscape. This makes this property particularly attractive for businesses seeking a prime location for new construction or those looking to establish a strong commercial presence in a rapidly developing area. The property's size and location make it suitable for a variety of commercial ventures, offering significant potential for future appreciation. This is a rare opportunity to acquire a well-situated commercial lot in a high-growth area. The property is zoned for commercial use. Don't miss this chance to secure a piece of Hernando's burgeoning commercial sector.

Property profile

Verified
Property type Land
Lot 1.02 ac (44,431 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Monteith Ave Hernando, MS 38632
Hernando metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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