Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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