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Property profile & analytics
OFF-MARKET
Retail space

800 Hwy 43rd N Picayune, MS 39466-2233

13,132 SF 1.56 ac lot Built 2003
Entity Owned 4-yr Hold Free & Clear
Property ID
US50-0451599
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Total area 13,132 SF
Lot 1.56 ac (67,954 SF)
APN 6171110010501700
UPID US50-0451599
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Somo Properties LLC · 4 yrs held
Somo Properties LLC
since 2021
3 recorded transactions
2021
Price N/A
2014
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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