Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    408 N Main St Water Valley, MS 38965

    Under Contract
    For Sale
    $175,000

    Commercial - Water Valley, MS

    Property size:
    1,432 SF
    Lot size:
    0.01 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 408 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Parking
    3
    Interior features
    Electric-circuit Breaker
    Size
    1,432 SF
    Lot size
    0.01 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1900
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    McMinn Realty & Land Co., LLC (662) 816-8204

    Listing agent Lee McMinn (662) 473-0535

    Listing date Sep 18, 2025

    MLS# 161536 Listing URL

    Copyright © 2025 North Central Mississippi 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

    Main Street Commercial Building

    Located on Main Street in the heart of historic downtown Water Valley, this single-story commercial building offers 1,432 square feet of space. The property presents a renovation opportunity and is suitable for retail, office space, or other uses. Situated on a 0.01-acre lot, the property provides visibility and a flexible space for various business possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Community Healing Center, ... Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Water Valley
    County
    Yalobusha
    State
    Mississippi
    Longitude
    -89.63095
    Latitude
    34.152911

    Nearby Similar for Sale

    • $394,000
      2,413 SF

      Mixed-Use Property in Water Valley

      Mixed-use property with upstairs apartment in Water Valley, Mississippi.
      405 North Main St, Water Valley, MS 38965
      View Details
    • $165,000
      5,286 SF

      Historic Building with Office Space

      Historic building featuring renovated office space and a large sanctuary.
      410 Calhoun St, Water Valley, MS 38965
      View Details
    • $550,000
      4,000 SF

      Water Valley Retail and Warehouse

      Retail and warehouse property on 1.37 acres in Water Valley.
      608 N Main St, Water Valley, MS 38965
      View Details
    • $889,000
      9,502 SF

      Versatile Event Space Near Oxford

      9,502 sq ft commercial property on 1.56 acres.
      218 Frostland Dr, Water Valley, MS 38965
      View Details
    • $180,000
      1,620 SF

      Established Flower Shop Opportunity

      Long-running flower shop for sale in Water Valley, MS.
      107 Main St, Water Valley, MS 38965
      View Details
    • $179,900
      2,006 SF

      Versatile Commercial Property in Water Valley

      Multi-use commercial property with rental income potential in Water Valley.
      609 Wise St, Water Valley, MS 38965
      View Details

    FAQs

    What type of property is this?
    Retail space - Affordable, flexible commercial building in historic downtown Water Valley.
    Where is this retail space located?
    The property is located at 408 N Main St Water Valley, MS.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Prime Main Street location in historic downtown Water Valley.; - Affordable building ownership opportunity.; - 1,652 sq. ft. single-story property with high visibility.
    (662) 473-0535
    Request Owner's contact information
    408 N Main St Water Valley, MS 38965
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 N Main St
    Water Valley, MS 38965
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    408 N Main St Water Valley, MS 38965
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.