1009 38 Street

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1009 38 Street

Meridian, MS 39301
Asking Price
Contact for price
Asset Type
Special-purpose
Class
Class B

AI Property Summary

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

  • Located at 1009 38 Street in Meridian, Mississippi.
  • The property features 1,783 square feet of space.
  • Special-purpose asset suitable for diverse commercial business applications.
  • Situated within the active economic landscape of Meridian.
  • Flexible layout designed to support various service-oriented uses.

What's Special

Meridian serves as a significant economic hub within east-central Mississippi, benefiting from its regional connectivity and steady growth in the local commerce sector. This 1,783 square foot special-purpose property at 1009 38 Street stands as a functional asset within this established market. Its specific configuration allows for flexible adaptation to meet the needs of various service-oriented businesses or specialized commercial operations. Proximity to regional thoroughfares ensures accessibility for clients and staff operating within the local municipality. The layout remains suitable for professional services, boutique office setups, or niche retail concepts that prioritize footprint efficiency. Investors looking to expand their holdings in the Meridian market will find this property provides a foundational presence in a central location. This asset represents a straightforward acquisition for those targeting versatile commercial spaces designed to accommodate distinct business requirements in a well-trafficked Mississippi community.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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