128 3rd St Picayune, MS 39466-3320
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.
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
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.