1204 Constitution Ave Meridian, MS 39301
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.