Covington Road

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Covington Road

Meridian, MS 39305
Asking Price
Contact for price
Asset Type
Land
Class
Class B

AI Property Summary

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

  • Development site spanning 20.28 acres on Covington Road
  • Asset located within the Meridian metropolitan area of Mississippi
  • Land parcel suitable for industrial or commercial development projects
  • Positioned in a region with established regional infrastructure access
  • Opportunity for investors targeting sizeable land assets in Mississippi

What's Special

This 20.28-acre land parcel on Covington Road in Meridian, Mississippi, represents an acquisition opportunity for investors or developers seeking sizeable acreage in a strategic regional hub. Meridian functions as a critical economic center in East Mississippi, supported by its established infrastructure and connectivity to major transit routes that facilitate regional commerce. The scale of this site provides flexibility for a variety of development paths, including industrial expansion, large-scale commercial projects, or long-term land holding strategies. The location benefits from the steady economic environment characteristic of this growing market, allowing for functional site planning and development. Prospective buyers can leverage the substantial footprint to accommodate substantial facility requirements or phased project execution as market demand evolves within the Meridian area. The property remains well-positioned to serve as a foundational asset for professional portfolios focused on land appreciation or specific operational use cases in this stable submarket.

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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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