8420 Hwy 51st N Southaven, MS 38671-3632
This exceptional 1,435 sq ft commercial property, situated on a substantial 7.768-acre lot at 8420 Highway 51 N in Southaven, Mississippi, presents a remarkable investment opportunity. Currently utilized as a car lot, its versatile nature allows for a wide array of business ventures. The property's prime Highway 51 North location ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The spacious lot offers ample parking and potential for expansion or future development. The asking price of $235,000 makes this an attractive proposition for entrepreneurs seeking a cost-effective entry into the Southaven market. Its suitability extends to various business types, including but not limited to beauty salons (braiding salons included), car washes, and a variety of small businesses or start-ups seeking a storefront presence. The property's adaptability and strategic location combine to create a compelling investment opportunity with significant potential for growth and return. This is a rare chance to acquire a well-positioned commercial property in a thriving area, offering both immediate usability and long-term development potential. Serious inquiries are encouraged to explore this promising venture.
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
C-4 · Southaven, MSSouthaven. Always verify with local authorities before improvements.
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.