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1105 S Frontage Rd
Meridian, MS 39301
Asking Price
$150K
Asset Type
Storefront Retail
Class
Class B
What's Special
Redevelopment/Investment Opportunity in the heart of Meridian, MS <p><strong>MS Auctioneer: Stephen Dawson, MS 1750 Crexi Technologies.</strong></p><ul><li>14,139 Square Feet</li><li>Site: 1.30 +/- acres</li><li>Corner Lot</li><li>Year Built: 2009</li><li>Zoning: B-4</li><li>Place of work: 2,362</li><li>Daytime Population: 50,454</li><li>Average Household Income: $59,489</li><li>Easy access to major highways</li><li>Prime visibility along S Frontage Rd</li><li>Traffic Count: 50,000 +/- per day (MDOT)</li></ul>
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NOI
$80,000
Cap Rate
53.33%
DSCR
8.98
Strong
Cash-on-Cash
157.99%
Monthly Payment
$742.118
Annual Cash Flow
$71,094.582
