1822 24th

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1822 24th

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).

  • The asset is located at 1822 24th in Meridian.
  • This building is categorized as a special-purpose property.
  • Meridian sits at a key regional transportation and rail junction.
  • The facility serves various community and institutional use cases.
  • The site is positioned within the 39301 zip code.

What's Special

This special-purpose asset is located at 1822 24th in Meridian, Mississippi, positioned within a region known for its regional transportation connections and steady economic activity. The property resides in a historic municipal hub that serves as a vital transit point between larger metropolitan centers. Its specific layout and design profile make it well-suited for organizations requiring specialized facilities, including non-profit operations, community service providers, or institutional users seeking a functional footprint in the downtown area. Meridian provides a stable environment for businesses looking to benefit from local workforce accessibility and proximity to major rail and highway corridors. The building represents a practical solution for entities needing a versatile space that can adapt to unique programmatic requirements while maintaining a presence in this growing commercial submarket. Its strategic situation within the city allows for efficient operations for owners or tenants who prioritize access to central infrastructure and local services.

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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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