Picayune MS-43 Development Site

Vacant Land for Sale
Catylist Listing ID: 30807941
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Other
Gross Land Area: 1.74 Acres
Sale Price: $585,000
Unit Price: $336,206 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2023

Overview / Comments

1.74-acre development site for sale located on MS-43 just west of the Hwy 11 and MS-intersection. Subject property is located in a strong retail corridor near retailers and restaurants including Walgreen's, McDonald's, Dairy Queen, Sonic, Family Dollar, Waffle House, and more. C-3 (Highway Commercial) allows for a variety of retail, restaurant,medical, office, and hospitality uses.

The site has approx. 407' of frontage along MS-43. Lot depth is approx. 168'. The parcel also fronts Lisa Ann Lee St., which has left turn access from westbound MS-43. Hwy 11 was recently widened and both MS-43 and Hwy 11 were repaved at the intersection.

Traffic counts fronting the parcel exceed 9,900 VPD and the Hwy 11 / MS-43 intersection sees in excess of 20,000 VPD.

Additional Details

Nearest MSA: Picayune
County: Pearl River
Tax ID/APN: 6171110010200200
Property Visibility: Excellent
Largest Nearby Street: MS-43
Feet of Frontage: 407
Traffic/Vehicle Count: 9,900
Highway Access: 1.3 miles to I-59.
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,519 17,004 24,896
Median Age: 41.71 40.08 39.35
Households: 1,004 6,635 9,611


The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.