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    607 Martin Luther King Jr. Dr Booneville, MS 38829

    For Sale
    $297,500

    Versatile 5,000+ sq ft building, great potential!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 607 Martin Luther King, Jr. Dr. in Booneville, MS, presents a unique investment opportunity. Spanning over 5,000 square feet on a 0.65-acre lot, the property boasts a versatile layout ideal for a variety of uses. Its history as a church provides a solid foundation, with existing infrastructure well-suited for adaptation. The main structure comprises a 2,600 square foot metal building chapel/sanctuary, professionally connected to a 2,400 square foot modular office building. This modular section offers ample space that could easily be repurposed as classrooms, a daycare center, or numerous other commercial ventures. The entire building benefits from central heating and cooling, ensuring year-round comfort. Convenient asphalt parking is available on-site. Priced at $297,500, this property offers significant potential for return on investment, making it an attractive proposition for savvy investors seeking a flexible and well-maintained commercial space in a desirable location. The existing infrastructure significantly reduces initial setup costs, allowing for a quicker return on investment. Don't miss this chance to acquire a versatile and established property with immense potential.

    Property Features for 607 Martin Luther King Jr. Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    28,314 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Booneville
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.55189
    Latitude
    34.66333

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 5,000+ sq ft building, great potential!
    Where is this commercial real estate located?
    The property is located at 607 Martin Luther King Jr. Dr Booneville, MS.
    What is the asking price?
    The asking price for this property is $297,500.
    (662) 728-7694
    Request Owner's contact information
    607 Martin Luther King Jr. Dr 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
    607 Martin Luther King Jr. Dr Booneville, MS 38829
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