510 Canal St Picayune, MS 39466-4514
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.