519 Bonita DrMeridian, MS 39301

Property Details for 519 Bonita Dr

Year built

2000

Lot size

1.02 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

85160025500000200

APU

85160025500000200

Description

This exceptional 39301 Meridian, MS commercial lot presents a unique redevelopment opportunity. Located at 519 Bonita Drive, this property boasts a highly desirable location directly adjacent to the SAMS Club parking lot, ensuring high visibility and accessibility. The lot is zoned B-4 (Regional Business District), opening the door to a wide range of commercial and business ventures. Previously occupied by a home that has been removed, the land is now cleared and prepared for immediate development. City utilities, including power and gas, were previously connected to the property and are readily available for reconnection to support any new commercial construction. This presents a blank canvas for entrepreneurs and developers seeking a prime location in a thriving area. The asking price is $79,500, making this an attractive investment opportunity in a high-traffic area with significant potential for return. The lot's proximity to SAMS Club guarantees substantial foot traffic and brand recognition, enhancing the potential for any business established on the site. This is a rare chance to acquire a ready-to-build commercial lot in a strategic location within Meridian, Mississippi. Don't miss this chance to capitalize on this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,971,259

  6.5%

  $1,819,624

  7%

  $1,689,651

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,500,598

  Geo Method

  $3,932,410

• Alternative Use

  Use

  Valuation

  Residential

  $1,534,921

  Hospitality

  $1,405,979

  Educational

  $1,169,758

  Medical

  $1,209,988

  Retail

  $1,819,624

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3611

Longitude

-88.6741

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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