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    201/203 Commerce St Tupelo, MS 38804

    For Sale
    $899,900

    Commerical Property - Tupelo, MS

    Property size:
    4,755 SF
    Lot size:
    1.00 Acre
    Days on Market:
    52
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 201/203 Commerce St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed Use
    Size
    4,755 SF
    Lot size
    1.00 Acre

    Building Details

    Year renovated
    1967
    Floors in Building
    1
    Architectural style
    Other

    Tommy Morgan, Inc., Realtors (662) 842-3844 [email protected]

    Listing agent Kevin Knight (662) 842-3844 License #S48856

    Listing date Oct 15, 2025

    MLS# 25-124 Listing URL

    Copyright © 2025 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tupelo Commercial Property For Sale

    This one-acre commercial property in Tupelo, Mississippi, features a 4,755 square-foot building and is located one block off Main Street in the Fairpark area, next to the Cadence Area. The property currently houses the 1975 Greyhound Bus Stop and BBQ by Jim Restaurant, which is still in operation. The zoning is mixed-use, offering various possibilities capitalizing on the growth of downtown and Fairpark. The property is suitable for restaurants, retail, and other commercial uses.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Borrowed Thyme, Cotton Boll Catering

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.701882
    Latitude
    34.259644

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    FAQs

    What type of property is this?
    Restaurant - One-acre lot with restaurant and bus stop near Cadence Area.
    Where is this restaurant located?
    The property is located at 201/203 Commerce St Tupelo, MS.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Prime Location: Situated next to the Cadence Area and 1 block off Main St @ Fairpark.; - Income-Generating Business: Includes the operating BBQ by Jim Restaurant.; - Historical Significance: Features the 1975 Greyhound Bus Stop.
    (662) 842-3844
    Request Owner's contact information
    201/203 Commerce St Tupelo, MS 38804
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    Tupelo, MS 38804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201/203 Commerce St Tupelo, MS 38804
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