211 19Th AveMeridian, MS 39301

Property Details for 211 19Th Ave

Year built

1915

Lot size

0.13 AC

Property size (Sq ft)

8,910 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

84181348601300100

APU

84181348601300100

Description

This unique special-purpose property at 211 19th Avenue in Meridian, Mississippi, 39301, presents a compelling investment opportunity. Listed at $199,900, this historical building boasts a prime location just a short distance from key Meridian attractions. Its proximity to the Mississippi Arts & Entertainment Experience, Sela Ward Parkway, the Mississippi State University downtown branch, the MSU Riley Center, and the Threefoot Hotel offers exceptional potential for a variety of uses. Imagine transforming this building into Meridian's next premier venue, a stylish apartment complex, or a versatile warehouse space. The possibilities are vast and exciting. The property features recently installed new windows upstairs, adding to its overall appeal and functionality. This is a chance to acquire a piece of Meridian's history and shape its future. The building's strategic location and adaptable nature make it an ideal investment for those seeking a high-impact project with significant upside potential. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,195,490

  6.5%

  $2,026,606

  7%

  $1,881,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,671,397

  Geo Method

  $4,379,721

• Alternative Use

  Use

  Valuation

  Residential

  $1,709,518

  Hospitality

  $1,565,909

  Educational

  $1,302,818

  Medical

  $1,347,624

  Retail

  $2,026,606

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3647

Longitude

-88.6968

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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