Lake Cove Drive

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Lake Cove Drive

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

AI Property Summary

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

  • Parcel spans 2.34 acres on Lake Cove Drive
  • Asset is located within the city of Meridian
  • Land situated at coordinates 32.4129, -88.6114
  • Property is currently available for commercial acquisition
  • Site supports development in a Mississippi market

What's Special

Development of this 2.34-acre parcel on Lake Cove Drive in Meridian provides a strategic opening for commercial or residential expansion. Situated in a region known for its regional transportation connectivity and a steady local economy, this site serves as a foundation for diverse projects. Investors and developers can capitalize on the land size to accommodate site-specific construction plans tailored to the needs of the Meridian market. The location maintains accessibility within the city, making it a functional choice for those seeking to establish a presence in this Mississippi hub. Prospective buyers will find this plot positioned to integrate into the surrounding landscape, supporting various site utility requirements for future operational or investment goals.

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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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