Property profile

128 3rd St Picayune, MS 39466

OFF-MARKET
Automotive properties
Property ID
US50-0820669
5,781 SF 0.33 ac lot Built 1962
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, situated at 128 E Third Street in Picayune, Mississippi, presents a compelling investment opportunity. The 0.1-acre lot, located just half a block from Highway 11 and directly across from the Picayune Train Station, boasts high visibility and accessibility. The property features a substantial 5,781 square foot metal building, strategically positioned on the corner of Third Street and N. Curran Avenue, measuring 145 feet by 100 feet. Recent upgrades include a brand-new roof and insulation, enhancing energy efficiency and longevity. The building itself comprises six bays, providing ample space for various commercial uses, complemented by a 360 square foot office area. Ample parking is available, catering to both employees and customers. The C-2 Downtown Commercial zoning allows for a wide range of business applications, capitalizing on the property's prime location within a high-traffic area. This property offers a unique blend of functionality, location, and recent improvements, making it an ideal investment for discerning buyers seeking a strong foothold in the Picayune commercial market. The building's sturdy metal construction and well-maintained condition ensure long-term value and operational efficiency.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1962
Total area 5,781 SF
Lot 0.33 ac (14,500 SF)
APN 6176140020403400
UPID US50-0820669

Cap rate & NOI

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

Location

128 3rd St Picayune, MS 39466-3320
Picayune metro Census 950600 PICAYUNE, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2006
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 128 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message