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

    500 Martin Luther King Jr St Natchez, MS 39120

    For Sale
    $375,000

    Spacious medical facility, ideal location.

    Property size:
    4,583 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 500 Martin Luther King Jr St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,583 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Natchez
    County
    Adams
    State
    Mississippi
    Longitude
    -91.39677
    Latitude
    31.56119

    Nearby Similar for Sale

    • $199,000
      1,720 SF

      Turn-Key Automotive Detail Shop

      Automotive detail shop with equipment in Natchez, Mississippi.
      1169 Dr, Natchez, MS 39120
      View Details
    • $475,000
      3,744 SF

      Historic Kings Tavern Building

      Three-level antebellum structure in Natchez, suitable for restaurant/retail.
      613 Jefferson St, Natchez, MS 39120
      View Details
    • $375,000
      6,780 SF

      Natchez Commercial Building For Sale

      Commercial building in high-visibility area with reliable tenants.
      55 E Franklin St, Natchez, MS 39120
      View Details
    • $6,900,000
      3,529 SF

      Turnkey Car Wash Package Sale

      Two car wash locations offered as a package deal.
      273 John R Junkin Dr, Natchez, MS 39120
      View Details
    • New
      $330,000
      4,583 SF

      Natchez Medical Facility For Sale

      Over 4,500 SF commercial building in Natchez, Mississippi.
      500 N Martin Luther King St, Natchez, MS 39120
      View Details
    • $450,000
      Pending

      Retail/Office Space on Sgt Prentiss

      Retail or office space with ample parking and expansion potential.
      184 Sgt Prentiss Dr, Natchez, MS 39120
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious medical facility, ideal location.
    Where is this commercial real estate located?
    The property is located at 500 Martin Luther King Jr St Natchez, MS.
    What is the asking price?
    The asking price for this property is $375,000.
    (601) 442-2768
    Request Owner's contact information
    500 Martin Luther King Jr St Natchez, MS 39120
    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.
    500 Martin Luther King Jr St
    Natchez, MS 39120
    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
    500 Martin Luther King Jr St Natchez, MS 39120
    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.