2014 Highway 45Meridian, MS 39301

Property Details for 2014 Highway 45

Year built

1986

Construction

WOOD

Lot size

5.30 AC

Property size (Sq ft)

54,623 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

83084234000100100

APU

83084234000100100

Description

Eastgate Plaza, a single-story retail center in Lauderdale County, offers 70,117 square feet of prime retail space. Built in 1986 and renovated in 1996, this property boasts a strong tenancy with no current vacancies. The center features ample parking with 305 spaces available for customers and employees. The building is comprised of multiple retail units, currently all occupied, ranging in size from approximately 2,196 square feet to 7,200 square feet. There are no elevators in this single-story building. The property's excellent location within Lauderdale County ensures high visibility and accessibility for businesses. Its established presence and consistent occupancy make it an attractive investment opportunity for those seeking a stable and profitable retail portfolio addition. The property's 1996 renovation ensures modern amenities and functionality, attracting a diverse range of tenants. With its substantial square footage and ample parking, Eastgate Plaza presents a compelling opportunity for investors seeking a well-maintained and fully leased retail property in a desirable location. The property's history of successful tenancy speaks to its strong market position and potential for continued growth. Interested parties are encouraged to inquire for further details.

• CAP approach

  CAP return

  Valuation

  6%

  $13,459,511

  6.5%

  $12,424,164

  7%

  $11,536,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,246,058

  Geo Method

  $26,850,002

• Alternative Use

  Use

  Valuation

  Residential

  $10,480,247

  Hospitality

  $9,599,850

  Educational

  $7,986,962

  Medical

  $8,261,646

  Retail

  $12,424,164

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3773

Longitude

-88.6793

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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