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Property profile & analytics
OFF-MARKET
Commercial real estate

1821 23Rd Ave Meridian, MS 39301

Property ID
US50-0440741
Property summary
AI-generated overview

This exceptional 5,772 sq ft property at 1821 23rd Avenue in Meridian, Mississippi (zip code 39301), offers incredible flexibility for a variety of uses. Previously utilized as an insurance office, this updated building boasts a prime location near the medical center, ensuring high visibility and accessibility. The property features a paved parking area and a covered single carport, providing ample space for clients or residents. The interior layout is adaptable to suit both commercial and residential needs. A potential residential configuration includes two bedrooms, a kitchen with a new refrigerator and electric stove, a living room, dining area, interior laundry room, and one and a half bathrooms. Alternatively, the space could easily function as a commercial office, with a waiting area, reception area, two private offices, 1.5 bathrooms, and a utility room. Recent improvements include a new metal roof, fresh paint, and beautiful hardwood floors throughout. The property's street frontage ensures excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, versatile property in a highly desirable location at an attractive price point of $109,900. The property's adaptability makes it an ideal investment for both commercial and residential ventures.

Property profile
Verified
Property type Commercial real estate
UPID US50-0440741
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
Current use
Occupant on record · Public records
  • Jim Young Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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