Property profile

510 West Canal St Picayune, MS 39466

FOR SALE
Commercial land
Property ID
US50-0515489
Individually Owned 9-yr Hold
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Property summary

AI-generated overview

The property is located in the historical downtown area of Picayune on W Canal Street and consists of approximately 1/3 acre across two city lots (Lots 9 and 10), totaling about 100 feet of frontage and 132 feet in depth. It is positioned within the established “recreation area” zoning designation, which may provide for specific event-related permissions such as golf cart access and alcohol sales for consumption off-premises during special events, subject to verification with the City of Picayune. The site includes frontage on both W. Canal Street and an alley at the rear, where the rear alley functions as a utility easement used by adjacent businesses for deliveries. The lots are designed to be capable of being acquired together or separately, and the surrounding area is characterized by established commercial and institutional uses, including a flower shop, church, and professional offices, with additional retail and dining within several blocks.

Property profile

Verified
Property type Commercial land
UPID US50-0515489

Cap rate & NOI

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

Location

510 West Canal St Picayune, MS 39466
Picayune metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

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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