Property summary
This exceptional 10-acre +/- commercial property presents a remarkable investment opportunity in Southaven, Mississippi. Strategically located on Goodman Road East, at the corner of Creech Drive, this parcel boasts approximately 365 feet of frontage along Goodman Road, ensuring high visibility and accessibility. The property benefits from excellent traffic circulation, with three roads providing convenient access. Zoned C-4 Planned Commercial, this land is ideally suited for a variety of retail or office developments. The location offers easy access to Getwell Road via Creech Drive, placing your business within reach of a substantial consumer base. The site enjoys proximity to major thoroughfares, including Interstate 55 and Interstate 240, as well as east Memphis, making it easily accessible to a wider regional market. This high-traffic area sees an average daily count of 38,000 vehicles on Goodman Road. The surrounding area is anchored by established businesses such as Kroger, DAC, AutoZone, Sonic, First Tennessee, and CVS, creating a vibrant and thriving commercial environment. Southaven's population of approximately 43,000, coupled with DeSoto County's population of approximately 175,000, ensures a large potential customer base. This prime commercial land offers an unparalleled opportunity to establish a successful business in a rapidly growing area. The asking price is $4,138,200.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is intended to permit the development and maintenance of planned commercial developments, including shopping centers, characterized by single structure or an integrated complex of structures with planned bu…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-4 · Southaven, MSThis district is intended to permit the development and maintenance of planned commercial developments, including shopping centers, characterized by single structure or an integrated complex of structures with planned bu…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is intended to permit the development and maintenance of planned commercial developments, including shopping centers, characterized by single structure or an integrated complex of structures with planned bu…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-4 in Southaven, MS.
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