2117 Highway 19Meridian, MS 39307

Property Details for 2117 Highway 19

Year built

1983

Lot size

3.10 AC

Property size (Sq ft)

21,100 SF

Property type

Super regional malls

APN

72101000000002500

APU

72101000000002500

Description

This exceptional investment opportunity presents a fully leased, mixed-use retail facility ideally located on approximately 3.14 acres of prime commercial land at 2117 Highway 19 North in Meridian, Mississippi. The property boasts a total of approximately 29,247 square feet of rentable space, distributed across two buildings. The main building comprises 25,751 square feet, while a separate, freestanding building adds an additional 3,496 square feet. This multi-tenant complex benefits from its high-traffic location on Highway 19 North, ensuring consistent visibility and accessibility for tenants and customers. Currently operating at 100% occupancy, this property offers immediate cash flow and strong potential for future appreciation. The provided square footage is approximate and should be independently verified. The property is situated in Lauderdale County, Mississippi, with a zip code of 39307. This is a rare chance to acquire a well-established, income-producing asset in a thriving Mississippi market. The asking price for this exceptional property is $898,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $5,199,196

  6.5%

  $4,799,258

  7%

  $4,456,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,958,620

  Geo Method

  $10,371,730

• Alternative Use

  Use

  Valuation

  Residential

  $4,048,354

  Hospitality

  $3,708,270

  Educational

  $3,085,237

  Medical

  $3,191,343

  Retail

  $4,799,258

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3794

Longitude

-88.7479

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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