3212 Goodman RdSouthaven, MS 38672

Property Details for 3212 Goodman Rd

Year built

2006

Construction

MIXED

Lot size

1.61 AC

Property size (Sq ft)

5,386 SF

Zone code

C-4

Property type

Banks

APN

1-07-8-27-12-0-00003-00

APU

1078271200000300

Description

This exceptional 10-acre +/- commercial property presents a remarkable investment opportunity in Southaven, Mississippi. Strategically located on Goodman Road East, at the corner of Creech Drive, this parcel boasts approximately 365 feet of frontage along Goodman Road, ensuring high visibility and accessibility. The property benefits from excellent traffic circulation, with three roads providing convenient access. Zoned C-4 Planned Commercial, this land is ideally suited for a variety of retail or office developments. The location offers easy access to Getwell Road via Creech Drive, placing your business within reach of a substantial consumer base. The site enjoys proximity to major thoroughfares, including Interstate 55 and Interstate 240, as well as east Memphis, making it easily accessible to a wider regional market. This high-traffic area sees an average daily count of 38,000 vehicles on Goodman Road. The surrounding area is anchored by established businesses such as Kroger, DAC, AutoZone, Sonic, First Tennessee, and CVS, creating a vibrant and thriving commercial environment. Southaven's population of approximately 43,000, coupled with DeSoto County's population of approximately 175,000, ensures a large potential customer base. This prime commercial land offers an unparalleled opportunity to establish a successful business in a rapidly growing area. The asking price is $4,138,200.

• CAP approach

  CAP return

  Valuation

  6%

  $1,140,775

  6.5%

  $1,053,023

  7%

  $977,807

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,058,129

  Geo Method

  $1,058,129

• Alternative Use

  Use

  Valuation

  Residential

  $888,264

  Hospitality

  $813,645

  Educational

  $676,943

  Medical

  $700,224

  Retail

  $1,053,023

Location Insight

City

Southaven

County

Desoto

State

Mississippi

Latitude

34.963

Longitude

-89.9338

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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