Restaurant with Mixed Use
203 Commerce St Tupelo, MS 38804
203 Commerce St, Tupelo, MS, 38804
$350,000
For Sale
$350,000
COMMERCIAL - Tupelo, MS
Property Size2,022 SF
Price / SF$173.10
Days on Market103
Property Features for 203 Commerce St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Standard status
- Active
- Size
- 2,022 SF
Taxes and HOA fees
- Tax Description
- Book 1481 Page 069
- Tax Annual Amount
- 2817
Building Details
- Floors in Building
- 1
Listing Agency
TM REALTORS
(662) 842-3844
210 E Main St., Tupelo, MS
Listed by
Kevin Knight · License #S48856
(662) 401-2913
Added: Apr 10 Updated: Jun 29 at 11:41 pm Checked: Jul 21 at 12:06 am
MLS# 26-1227
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale restaurant property is located at 203 Commerce St in Tupelo, MS 38804. The listing includes 2,022 square feet of commercial space and is zoned for mixed use.
The property is presented as a conventional restaurant asset and is available for purchase at a listed price of $350,000. For buyers and brokers evaluating compatibility with a mixed-use zoning designation, this site offers a straightforward restaurant-oriented configuration within the mixed-use framework.
All information provided is based on the details available in the listing record.
The property is presented as a conventional restaurant asset and is available for purchase at a listed price of $350,000. For buyers and brokers evaluating compatibility with a mixed-use zoning designation, this site offers a straightforward restaurant-oriented configuration within the mixed-use framework.
All information provided is based on the details available in the listing record.
Key Highlights
- Prime Location: Next to Cadence Arena and 1 block off Main St @ Fairpark.
- High‑Potential: Ideal for salon, cafe, office, or retail.
- Sizeable Space: Just over 2000 sqft.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $15.00 |
| − Vacancy | −$2.4k | −$1.17 |
| EGI | $28.0k | $13.83 |
| − OpEx | −$7.0k | −$3.46 |
| NOI | $21.0k | $10.37 |
2,022 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$299.6K
$262.2K – $349.6K
NOI $20,973 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.7K
$332.3K – $443.0K
NOI $26,582 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bar-B-Q By Jim
Restaurant
Cotton Boll Catering
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale restaurant property zoned mixed use at 203 Commerce St in Tupelo, MS.
Where is this conventional restaurant located?
The property is located at 203 Commerce St Tupelo, MS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime Location: Next to Cadence Arena and 1 block off Main St @ Fairpark.; High‑Potential: Ideal for salon, cafe, office, or retail.; Sizeable Space: Just over 2000 sqft.
