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Property profile & analytics
FOR SALE
Office buildings

1204 Constitution Ave Meridian, MS 39301

1,240 SF 0.08 ac lot Built 1960
Individually Owned Absentee Owner Free & Clear
Property ID
US50-0441406
Property summary
AI-generated overview

This exceptional investment opportunity in Meridian, Mississippi, presents two parcels totaling 0.18 acres at 1204 and 1216 Constitution Avenue. The property includes a vacant 900-square-foot Class B medical office building and an adjacent vacant lot, both ideally situated for immediate development or redevelopment. The asking price is $475,000, translating to $527.78 per square foot. Currently vacant, this property offers a unique chance to acquire the last two available parcels on the block in a high-traffic area with dense demographics. The building is zoned B-5 by the City of Meridian. Its convenient location offers easy access to Anderson Hospital and Ochsner Hospital, making it an attractive proposition for medical professionals or related businesses. The combined property presents a compelling investment opportunity for those seeking a strategic foothold in a thriving downtown Meridian location. The property's vacant status allows for immediate customization and development to suit a wide range of medical or related uses. This is a rare chance to acquire a significant presence in a desirable and rapidly developing area. The high traffic counts and proximity to major medical facilities ensure strong potential for future growth and return on investment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 1,240 SF
Lot 0.08 ac (3,675 SF)
APN 84181348200700400
UPID US50-0441406
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
THOMAS L LUCKY
THOMAS L LUCKY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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