Property profile

1315 Clay St Vicksburg, MS 39183

FOR LEASE
Retail space
Property ID
US50-0558641
20,236 SF 0.66 ac lot Built 1970
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, mixed-use property ideally situated at 1315 Clay St, Vicksburg, MS 39183. Comprising two buildings totaling 29,000 square feet on a 0.75-acre lot, this property offers significant potential. Built in 1970, the single-story structures currently feature a storefront retail space and an auto body shop, complete with warehouse storage, a break room, and an office. The property boasts ample parking with space for 10+ vehicles. Zoned for commercial use, this property is perfect for a variety of businesses. The asking price is $750,000, translating to $25.86 per square foot. With 29,000 square feet of air rights, there is potential for expansion or redevelopment. The property is currently vacant, providing immediate occupancy for the new owner. This turnkey retail space is located in a high-traffic area of Vicksburg, making it an attractive investment for those seeking a strong return. The property's existing infrastructure, including the auto body shop and ample parking, presents a unique opportunity for a variety of uses. This is a must-see property for savvy investors seeking a prime location in a thriving Mississippi market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 20,236 SF
Lot 0.66 ac (28,750 SF)
APN 094-R -19 -0010-54-0008.00
UPID US50-0558641

Cap rate & NOI

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

Location

1315 Clay St Vicksburg, MS 39183
Vicksburg metro Census 950300 VICKSBURG, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2017
3 recorded transactions
2018
Price N/A
2017
Price N/A
2010
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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