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Property profile & analytics
OFF-MARKET
Commercial real estate

500 Martin Luther King Jr St Natchez, MS 39120

4,583 SF 0.7 ac lot Built 1978
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1978
Total area 4,583 SF
Lot 0.7 ac (30,492 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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