Property profile

2400 8Th St Meridian, MS 39301

FOR SALE
Gas stations
Property ID
US50-0584147
2,033 SF 0.36 ac lot Built 1955
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional special purpose property, located at 2400 8th St., Meridian, MS 39301, presents a unique investment opportunity. The property boasts a substantial lot size of 15,625 square feet, offering ample space for a variety of uses. Its strategic location directly adjacent to the Temple Theatre in Lauderdale County provides unparalleled visibility and accessibility. The asking price for this property is $125,000. Given its prime location and significant lot size, this property is ideal for entrepreneurs and investors seeking a high-impact project with substantial development potential. The possibilities are numerous, making this a truly exceptional opportunity in a vibrant Mississippi city. The property's proximity to the Temple Theatre suggests strong potential for synergistic ventures, capitalizing on the theatre's foot traffic and established presence in the community. A drive-by is highly recommended to fully appreciate the location and its potential. Serious inquiries are encouraged to explore the possibilities this unique property offers. The property is zoned for special purpose use, and further investigation into permitted uses is recommended.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1955
Construction WOOD
Total area 2,033 SF
Lot 0.36 ac (15,625 SF)
APN 84182348401000500
UPID US50-0584147

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

2400 8Th St Meridian, MS 39301
Meridian metro Census 10700 MERIDIAN, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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