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Property profile & analytics
OFF-MARKET
Motels

1401 Roebuck Dr Meridian, MS 39301-6614

24,152 SF 8.71 ac lot Built 1975
Entity Owned Absentee Owner Free & Clear
Property ID
US50-0559833
Property summary
AI-generated overview

This exceptional 6.7-acre commercial land parcel presents a remarkable development opportunity in Meridian, Mississippi. Strategically located on I-20/59, this high-visibility site offers unparalleled access and exposure to a significant daily traffic volume. The property's prime location is further enhanced by its adjacency to the Holiday Inn Express and proximity to the new County Courthouse. Previously the site of a Holiday Inn, this land is ideally suited for a diverse range of commercial ventures. Potential uses include, but are not limited to, franchise restaurants, hotels, apartment complexes, office buildings, retail businesses, or auto sales and service centers. The asking price is $1,490,000, translating to approximately $179,104.47 per acre. This represents a compelling investment opportunity given the property's location, size, and development potential within a thriving Mississippi community. The address is 1401 Roebuck Dr, Meridian, MS 39301, in Lauderdale County. This is a rare chance to acquire a significant commercial tract in a high-traffic area with excellent visibility and proximity to key infrastructure and amenities. The property is ready for immediate development, offering a unique chance to capitalize on the growing Meridian market.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1975
Total area 24,152 SF
Lot 8.71 ac (379,408 SF)
APN 84202140000100100
UPID US50-0559833
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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Owner & transaction history
INNVESTMENTS INC
INNVESTMENTS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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