862 Highway 49 Richland, MS 39218
This exceptional 8.91-acre commercial land parcel is strategically located at 862 Highway 49 S in Richland, Mississippi, offering unparalleled visibility and accessibility. Boasting 900 feet of frontage on the northbound lane of Highway 49 S, this property sits conveniently north of Best Western and Super Walmart, ensuring high traffic volume. The site is situated outside the floodplain, mitigating risk and offering development flexibility. The seller will consider dividing the property to accommodate various development needs. An easement provides access to Roland Drive, offering an alternative route and connection to the Super Walmart traffic signal at Harper Street via Crossroads Drive. This prime location benefits from a significant traffic count, with a 51,000 MDOT AADT (Average Annual Daily Traffic). The property is zoned for commercial use and is priced competitively at $1,350,000, or $151,685 per acre. The APN is D07C000006 00000. This presents a rare opportunity for investors and developers seeking a high-impact location in a thriving Mississippi market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.