515 Highway 19N

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515 Highway 19N

Meridian, MS 39307
Asking Price
$119K
Asset Type
Special-purpose
Class
Class B

AI Property Summary

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

  • Special-purpose building encompassing 1,440 square feet of interior space
  • Available for purchase at an asking price of 119,000 dollars
  • Strategically positioned at 515 Highway 19N in Meridian, Mississippi
  • Property offers a functional layout suitable for specialized commercial operations
  • Located within a key economic corridor in the East Mississippi region

What's Special

Meridian serves as a key economic hub in East Mississippi, supported by diverse local industry and access to major regional transportation corridors. Situated along Highway 19N, this 1,440 square foot special-purpose facility provides a functional footprint for specialized business operations. The property is positioned within a well-established corridor, benefiting from steady regional traffic flow and accessibility to the surrounding Meridian community. Given the configuration of this asset, it is suitable for various professional, commercial, or niche industrial applications requiring a compact and efficient workspace. Investors and owner-users will find this building presents a practical acquisition within a stable submarket. The layout supports focused business activities, allowing for versatility depending on the specific requirements of the operator. Its location offers connectivity to the broader metro area, making it a viable option for those seeking a cost-effective, standalone presence in this Mississippi market.

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NOI
$80,000
Cap Rate
67.23%
DSCR
11.32
Strong
Cash-on-Cash
204.30%
Monthly Payment
$588.747
Annual Cash Flow
$72,935.035

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