804 23rd Avenue

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804 23rd Avenue

Meridian, MS 39301
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel situated at 804 23rd Avenue
  • Located within the city limits of Meridian, Mississippi
  • Strategically positioned near established regional transportation routes
  • Property classification is designated as commercial land use
  • Suitable site for diverse commercial development and business growth

What's Special

The commercial land at 804 23rd Avenue in Meridian, Mississippi, occupies a strategic position for development within the city. Meridian serves as a significant regional hub in east-central Mississippi, benefiting from its historical role as a transportation crossroads where major rail lines and highways converge. This parcel offers clear potential for various commercial applications, providing an opportunity for investors or businesses to establish a physical presence in a well-connected submarket. The site's location allows for accessibility within the local infrastructure, supporting projects ranging from retail storefronts to service-oriented commercial operations. As the area continues to maintain its role as a focal point for regional commerce, this property remains a viable candidate for developers looking to capitalize on existing logistical advantages.

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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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