1401 Roebuck Dr Meridian, MS 39301-6614
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.
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.