500 Martin Luther King Jr St Natchez, MS 39120
This exceptional 4,583 square foot building, situated on a 0.7-acre lot at 500 N Martin Luther King Jr Street in Natchez, MS, presents a unique investment opportunity. Previously operating as a thriving medical facility, this well-maintained property boasts a thoughtfully designed layout. Key features include a sizable reception area with ample filing space and a large waiting room, catering to high patient volume. Multiple patient rooms, offices, and restrooms are strategically positioned on either side of the building, making it perfectly suited for shared occupancy by different medical practices or similar businesses. The building's versatile design, however, allows for a range of alternative uses, presenting significant potential for a forward-thinking entrepreneur. The property is conveniently located in a B-1 zoned area, designated as a neighborhood business district, ensuring easy access and high visibility. An adjacent lot is also available for purchase separately, offering further expansion possibilities. This property is ready for immediate occupancy and presents a compelling investment opportunity in a vibrant Natchez location. Schedule a viewing to explore the full potential of this remarkable building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.