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Property profile & analytics
OFF-MARKET
Office buildings

510 Canal St Picayune, MS 39466-4514

822 SF 0.34 ac lot Built 1977
Individually Owned 9-yr Hold Free & Clear
Property ID
US50-1009455
Property summary
AI-generated overview

This exceptional commercial land parcel, located at 510 West Canal Street, Lot 9 in Picayune, Mississippi (zip code 39466), presents a unique investment opportunity. Priced at $55,000, this 50' wide x 132' deep lot offers significant potential. Situated in the heart of historic downtown Picayune, this property benefits from its location within the designated recreation area, allowing for golf cart usage and the possibility of "to-go cup" alcohol sales for special events (buyers are advised to independently verify all applicable city regulations). The lot boasts frontage on West Canal Street and access via a rear utility easement currently used by neighboring businesses for deliveries. This thriving area is home to a diverse range of established businesses, including a flower shop, church, and professional offices, with additional restaurants, antique stores, and boutiques within a short distance. Lot 10, of identical dimensions, is also available for purchase, allowing for the possibility of acquiring both lots for a larger development. A survey is available upon request. This is a rare opportunity to own a piece of vibrant downtown Picayune.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Total area 822 SF
Lot 0.34 ac (14,875 SF)
APN 6176140030200300
UPID US50-1009455
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
April Parker · 9 yrs held
April Parker
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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