3472 Ruth Drive SE

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3472 Ruth Drive SE

70738, MS 39662
Asking Price
$980K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The subject property consists of 0.94 acres of land available now.
  • This parcel is located in the municipality of Summit in Mississippi.
  • The site is currently listed with an asking price of 980000 dollars.
  • Development potential exists for diverse commercial or service-oriented business use cases.
  • Investors may consider this tract for its strategic position in Pike County.

What's Special

This 0.94-acre plot of land is available for sale in Summit, Mississippi. Situated within Pike County, the site occupies a position that allows for versatile development potential given the surrounding commercial landscape. The property provides investors and developers with a foothold in this growing region of the state, which benefits from its proximity to established transport corridors and infrastructure connecting the area to broader regional markets. The land is suitable for a variety of commercial applications, ranging from retail pad sites to light industrial or service-oriented business operations. As demand for strategically located parcels continues to fluctuate within the submarket, this acquisition provides a tangible asset for those seeking to expand their portfolio or develop new operations in a stable environment. Prospective buyers should evaluate the site's orientation and local access points to determine the most viable project scope for this specific tract of land.

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NOI
$80,000
Cap Rate
8.16%
DSCR
1.37
Strong
Cash-on-Cash
7.42%
Monthly Payment
$4,848.505
Annual Cash Flow
$21,817.936

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