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Property profile & analytics
OFF-MARKET
Warehouses

1600 B St Meridian, MS 39301-5419

2,400 SF 0.38 ac lot Built 1930
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US50-0538688
Property summary
AI-generated overview

This exceptional commercial property, located at 1600 B Street in Meridian, Mississippi, presents a unique investment opportunity. Priced at $125,000, the property boasts a versatile layout previously utilized as a thriving farmers market. Its strategic location within a high-traffic area ensures excellent visibility and accessibility for a wide range of potential businesses. The property includes a single-family residence, adding to its overall value and potential uses. The address is 1600 B Street, Meridian, MS 39301, situated in Lauderdale County. This presents a chance to acquire a well-positioned commercial space with significant potential for redevelopment or continued use as a market or similar enterprise. The property's existing infrastructure and high-traffic location offer a solid foundation for a variety of commercial ventures. The inclusion of a single-family residence provides additional flexibility and potential income streams. Serious inquiries are encouraged to explore the possibilities this property offers. The property is classified as Special Purpose. Its geographic coordinates are 32.3641507 latitude and -88.6915306 longitude. This is a rare opportunity to own a piece of Meridian's commercial landscape.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1930
Construction WOOD
Total area 2,400 SF
Lot 0.38 ac (16,459 SF)
APN 84172350900500300
UPID US50-0538688
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Belk Construction Of Meridian LLC · 6 yrs held
Belk Construction Of Meridian LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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