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    202 2Nd St Booneville, MS 38829

    For Sale
    $560,000

    Two-unit commercial building, high-traffic location, income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 202 N 2nd St. in Booneville, MS, presents a unique investment opportunity. Situated in Booneville's busiest commercial district, this property boasts high visibility and significant foot traffic, ensuring maximum exposure for your business. The property encompasses two distinct units, offering flexibility and potential for diverse uses. The larger unit, spanning approximately 2,520 square feet, is ideally suited for medical or professional services. Its well-designed layout includes a spacious reception/waiting area, multiple offices/work areas, exam rooms, and ample storage, reflecting its previous use as an optometrist's office. The smaller unit, at approximately 10,80 square feet, is currently leased, generating immediate rental income. This provides a stable cash flow stream alongside the potential for your own business operations in the larger space. The property sits on a half-acre lot and includes approximately 10,000 square feet of concrete parking, providing convenient and ample parking for customers and employees. This prime commercial space offers a rare opportunity to establish or expand your business in a thriving Booneville location. The asking price for this exceptional property is $560,000.

    Property Features for 202 2Nd St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    21,780 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Parts Store Kitchen & Bath Daycare Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Booneville
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.5664
    Latitude
    34.65904

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    FAQs

    What type of property is this?
    Commercial real estate - Two-unit commercial building, high-traffic location, income potential.
    Where is this commercial real estate located?
    The property is located at 202 2Nd St Booneville, MS.
    What is the asking price?
    The asking price for this property is $560,000.
    (662) 416-8193
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    202 2Nd St Booneville, MS 38829
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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
    202 2Nd St Booneville, MS 38829
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