907 Memorial Blvd Picayune, MS 39466-4635
This exceptional investment property, located at 907 Memorial Boulevard in Picayune, Mississippi, offers a rare opportunity to acquire a well-maintained, two-unit commercial building. Boasting a total of 3,850 square feet on a 0.23-acre lot, this property benefits from a highly desirable location directly on Memorial Boulevard, ensuring excellent visibility and accessibility. The building currently houses one long-term tenant (approximately 26 years) occupying half of the structure. This tenant's space includes two offices and a half-bathroom. The other half of the building presents a significant opportunity for additional income generation through leasing or redevelopment. Recent improvements significantly enhance the property's value and reduce future maintenance concerns. The roof was completely replaced in February 2024, ensuring long-term protection. Furthermore, both HVAC systems in each unit have been replaced within the last three to five years, providing efficient and reliable climate control. This property is priced at $525,000 and represents a strong investment opportunity with significant potential for return. The combination of a prime location, existing tenancy, and recent upgrades makes this a truly compelling proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property's size and layout offer flexibility for a variety of commercial uses.
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
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.