Picayune, MS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Picayune, Mississippi Market population: 11K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Picayune MS Properties: 1.7900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Picayune MS
Common questions from investors exploring commercial real estate in Picayune MS.
What's the overall investment potential of Picayune, MS, considering its demographics and economy?
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With a median household income of $35,854 and a poverty rate of 25.6%, Picayune's market presents a mix of challenges and opportunities, particularly given its diverse population with top ethnicities including White, White Non-Hispanic, and Black, and a relatively stable employment base in manufacturing, finance, and public administration, which could support rental demand.
How does the city's commute time and health insurance coverage impact the quality of life for potential renters?
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The 27-minute average commute time in Picayune, combined with a high health insurance coverage rate of 85.1%, suggests a decent quality of life for residents, which could attract and retain renters, especially considering the top commute methods include driving alone, carpooling, and working from home, indicating flexibility and potential for reduced turnover rates.
What are the implications of Picayune's income inequality and poverty rate on the real estate investment landscape?
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The GINI coefficient of 0.46, indicating moderate income inequality, coupled with a poverty rate of 25.6%, suggests that investors should be cautious and target properties that cater to the working-class demographic, potentially focusing on affordable housing solutions that still offer a reasonable return on investment, considering the median property value is $99,800 and the median property taxes are $2,629.
How might the ethnic diversity and top industries in Picayune influence market demand for real estate investments?
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The diversity in Picayune, with significant White, White Non-Hispanic, and Black populations, alongside its top industries in manufacturing, finance, and public administration, could drive demand for housing, especially if investments are made in areas that cater to the needs of these industries' workers, potentially offering a stable rental income stream given the employment base and the city's 57.9% homeownership rate.
What role does the homeownership rate and average commute time play in assessing the stability of the Picayune real estate market?
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A homeownership rate of 57.9% and an average commute time of 27 minutes in Picayune suggest a relatively stable community with a mix of homeowners and renters, which can contribute to market stability, as it indicates a balanced housing market that can absorb fluctuations, and the commute time suggests that residents have access to employment opportunities without excessive travel burdens, supporting the local economy and potentially the rental market.
Picayune MS Real Estate & City Facts
Key facts and real estate information about Picayune MS.
What are some of the best neighborhoods to live in Picayune?
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Some of the best neighborhoods to live in Picayune include Walkiah, which is known for its peaceful and rural atmosphere, and other areas in the northwest part of the city. However, it's worth noting that the most desired areas tend to be in the northwest, while more affordable homes are in the south regions.
What are some fun things to do in Picayune?
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There are several fun things to do in Picayune, including visiting the Crosby Arboretum, the Teddy Bear House Museum, and taking a ride on the Amtrak Crescent train. You can also explore the city's parks, such as Shay Park, and visit the nearby beaches in Biloxi and Gulfport.
What is the food scene like in Picayune?
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The food scene in Picayune is a mix of Southern cuisine and seafood. Some popular restaurants include Logans Famous Chicken and Tenders, Kellie's Poor Boy Express, and Two Sisters Creole Kitchen. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Picayune?
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The pros of living in Picayune include its peaceful and rural atmosphere, affordable housing, and friendly community. However, some cons include the limited job opportunities, lack of nightlife, and limited access to certain amenities. Additionally, the city is located in a dry county, which may be a drawback for some people.
Is Picayune a good place to live?
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Whether or not Picayune is a good place to live depends on your individual preferences and priorities. If you're looking for a peaceful and affordable place to live with a strong sense of community, Picayune may be a good fit. However, if you're looking for a more urban lifestyle with plenty of job opportunities and nightlife, you may want to consider other options.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Picayune MS Commercial Property: $35,854
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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