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Property profile & analytics
OFF-MARKET
Retail space

582 Simpson Hwy 149 Magee, MS 39111-8805

4,102 SF 0.29 ac lot Built 1987
Entity Owned ~ Est. High Equity
Property ID
US50-1537665
Property summary
AI-generated overview

This exceptional investment opportunity presents a 4,000+ square foot metal commercial building ideally situated on Highway 149 in Magee, Mississippi. The property boasts a substantial amount of parking, with over 2,700 square feet of paved driveways and parking areas accommodating ample customer and employee vehicles. The building itself features a convenient roll-up delivery door, perfect for efficient loading and unloading of goods. Currently occupied by a tenant (details available upon request), this property offers immediate income potential. The lot size measures approximately 180 feet by 74 feet, totaling 0.03 acres, providing sufficient space for the building and its associated parking. This prime retail location on a busy highway offers high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The asking price is $135,000, representing a strong return on investment given the existing tenancy and the property's desirable location and features. Serious inquiries are encouraged to learn more about this lucrative opportunity. Contact us today to schedule a viewing and discuss the details of this exceptional commercial property.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction STEEL FRAME
Total area 4,102 SF
Lot 0.29 ac (12,654 SF)
APN 4057Q000220000304101
UPID US50-1537665
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
Current use
Occupant on record · Public records
  • Magee Memorial Funeral Home, Inc. Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
G & L Building Investments LLC
G & L Building Investments LLC
since 2026
1 recorded transaction
2026
$155,300
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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