800 Hwy 43rd N Picayune, MS 39466-2233
This exceptional commercial investment opportunity encompasses 1.56 acres of prime C-3 Highway Commercial zoned land situated in the heart of Picayune, Mississippi. The property boasts a highly visible location on Highway 43, offering unparalleled accessibility and exposure to a substantial volume of daily traffic. Its strategic placement provides convenient access to all that Picayune has to offer, while also ensuring quick and easy connectivity to Interstate 59, a major transportation artery. The property features a substantial 14,000 square foot building currently divided into three separate units, all of which are currently under lease, generating immediate rental income. Ample parking is provided with 48 designated spaces, ensuring convenience for tenants and their customers. This presents a rare chance to acquire a well-established, income-producing commercial property in a thriving Mississippi community. The property's size, location, and existing lease agreements make it an attractive investment for both seasoned and emerging commercial real estate investors seeking a strong return on investment. The C-3 zoning allows for a wide range of commercial uses, providing flexibility for future development or expansion. Don't miss this opportunity to secure a piece of Picayune's vibrant commercial landscape.
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.