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Redevelopment or Reuse Opportunity 2021 14th Ave Vacant Industrial Building Online Auction Sale Meridian, MS 39301
INVESTMENT HIGHLIGHTS
- Delivered fully vacant, this former heavy power manufacturing facility in Meridian offers a prime opportunity for redevelopment or reuse.
- Positioned within a high-density employment zone, with a workforce exceeding 41,000 people in a 10-mile radius.
- Meridian presents an excellent industrial investment market, characterized by zero vacancies and rising rental rates.
- Premier location near major transportation arteries, including Highways 45 N and 19, Interstate 20, and Meridian Regional Airport.
- Flexible zoning accommodates a wide range of uses, making it an attractive opportunity for both investors and owner/users.
- Starting bid $1 | Absolute auction.
EXECUTIVE SUMMARY
This fully vacant facility in Meridian offers a rare opportunity for redevelopment or reuse.
2021 14th Avenue is a sizable 37,866-square-foot asset perfect for industrial, warehousing, and heavy power users. Built in 1980, this property offers strong potential for redevelopment or adaptive reuse on a generous 2.12-acre lot. Broad zoning supports a wide range of future uses, making it an ideal opportunity for both investors and owner/users. Buyers can customize the existing structure to suit specific business needs, or developers may choose to demolish and reimagine the site to capitalize on current market lease rates and drive higher net operating income.
The Meridian market presents a prime opportunity for investors looking to capitalize on strong demand and limited supply. The Meridian industrial market has no vacancies as of Q2 2025. This compares to the five-year average of 3.2% and the 10-year average of 3%. The Meridian industrial market contains roughly 7.4 million square feet of inventory. The area has approximately 3.6 million square feet of logistics inventory, 580,000 square feet of flex inventory, and 3.3 million square feet of specialized inventory. Year-over-year rents have changed by 3.9% in Meridian, compared to a change of 2.1% nationally. Over the past year, two properties have traded, accounting for 150,000 square feet of inventory.
Meridian offers a strategic location for industrial, warehousing, and flex operations. Meridian sits at the intersection of major highways, including Interstate 20, and Highways 45 and 19, providing direct east-west and north-south routes for trucking and freight. The city is a regional rail hub, served by multiple Class I railroads, including Norfolk Southern, making it ideal for industries reliant on freight and intermodal logistics. Additionally, the asset is close to Meridian Regional Airport. The positioning of Meridian is advantageous because it is within a day’s drive of key Southeastern markets like Atlanta, Birmingham, New Orleans, Memphis, and Jackson.
Property tours are available by appointment only. Please contact the listing broker to schedule.
2021 14th Avenue is a sizable 37,866-square-foot asset perfect for industrial, warehousing, and heavy power users. Built in 1980, this property offers strong potential for redevelopment or adaptive reuse on a generous 2.12-acre lot. Broad zoning supports a wide range of future uses, making it an ideal opportunity for both investors and owner/users. Buyers can customize the existing structure to suit specific business needs, or developers may choose to demolish and reimagine the site to capitalize on current market lease rates and drive higher net operating income.
The Meridian market presents a prime opportunity for investors looking to capitalize on strong demand and limited supply. The Meridian industrial market has no vacancies as of Q2 2025. This compares to the five-year average of 3.2% and the 10-year average of 3%. The Meridian industrial market contains roughly 7.4 million square feet of inventory. The area has approximately 3.6 million square feet of logistics inventory, 580,000 square feet of flex inventory, and 3.3 million square feet of specialized inventory. Year-over-year rents have changed by 3.9% in Meridian, compared to a change of 2.1% nationally. Over the past year, two properties have traded, accounting for 150,000 square feet of inventory.
Meridian offers a strategic location for industrial, warehousing, and flex operations. Meridian sits at the intersection of major highways, including Interstate 20, and Highways 45 and 19, providing direct east-west and north-south routes for trucking and freight. The city is a regional rail hub, served by multiple Class I railroads, including Norfolk Southern, making it ideal for industries reliant on freight and intermodal logistics. Additionally, the asset is close to Meridian Regional Airport. The positioning of Meridian is advantageous because it is within a day’s drive of key Southeastern markets like Atlanta, Birmingham, New Orleans, Memphis, and Jackson.
Property tours are available by appointment only. Please contact the listing broker to schedule.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.12 AC |
| Sale Condition | Auction Sale | No. Stories | 1 |
| Type of Ownership | Fee Simple | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 0.34/1,000 SF |
| Property Subtype | Warehouse | Parcel Number | 083-07-1-4182-008-00100 |
| Building Class | C |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.12 AC |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 0.34/1,000 SF |
| Parcel Number | 083-07-1-4182-008-00100 |
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DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Memphis
650,618
243
4 h 46 m
Nashville
669,053
336
6 h 7 m
Dallas
1,345,047
491
8 h 53 m
Houston
2,325,502
507
9 h 41 m
Jacksonville
903,889
522
10 h 6 m
Charlotte
872,498
532
9 h 59 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
57,830
Total Labor Force
23,423
Unemployment Rate
3.49%
Median Household Income
$38,954
Warehouse Employees
3,360
High School Education Or Higher
83.60%
$ values in USD
SALE ADVISOR
SALE ADVISOR
Ray Rayburn, Owner
Ray Rayburn is a commercial real estate professional in Hattiesburg, MS.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 202567. Ten-X Auction Firm 1474; Arlene Richardson Auctioneer 1677
-
POWER BROKER Ray Rayburn - Associated Appraisers, Inc.
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Redevelopment or Reuse Opportunity | 2021 14th Ave
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