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    2475 Memphis St Hernando, MS 38632

    Sponsored
    For Sale
    $600,000

    Historic Charm, Modern Potential, High Visibility

    Property size:
    2,371 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2,371 square foot office building, situated on a 0.05-acre lot at 2475 Memphis Street in Hernando, Mississippi, presents a compelling investment opportunity. Constructed in 1987, the property boasts timeless architectural appeal and is zoned C-3, allowing for diverse commercial uses. Its strategic location ensures high visibility and easy accessibility, making it an attractive prospect for a variety of businesses. The building's solid structural integrity and classic design offer a blend of historical charm and modern adaptability. This presents a unique chance to acquire a well-maintained property in a thriving area, ideal for investors seeking a strong return on investment. The building's 2,371 square feet provide ample space for various office configurations, catering to the needs of a diverse range of tenants. The property's location in Hernando offers excellent access to local amenities and transportation routes, further enhancing its appeal. This is a rare opportunity to own a piece of Hernando's history while capitalizing on the area's continued growth and development. The asking price is $600,000. Serious inquiries are encouraged.

    Property Features for 2475 Memphis St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,371 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Hernando
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.99489
    Latitude
    34.82389

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Potential, High Visibility
    Where is this office property / space located?
    The property is located at 2475 Memphis St Hernando, MS.
    What is the asking price?
    The asking price for this property is $600,000.
    (662) 892-4000
    Request Owner's contact information
    2475 Memphis St Hernando, MS 38632
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    2475 Memphis St
    Hernando, MS 38632
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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
    2475 Memphis St Hernando, MS 38632
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