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    305 Market St Greenwood, MS 38930

    For Sale
    $1,150,000

    Downtown Greenwood, MS - Prime Location

    Property size:
    24,255 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 24,255 square foot commercial building sits on a 0.35-acre lot in Greenwood, Mississippi's historic district, directly across from the courthouse. The well-preserved early 20th-century structure boasts classic architectural details, including a grand yet understated brick facade and large windows that flood the interior with natural light. Its prime downtown location offers unparalleled convenience, with proximity to restaurants, banks, and professional offices, contributing to the area's revitalization efforts. The building's versatility allows for a blend of commercial and residential uses. The ground floor is ideal for retail spaces such as boutiques, restaurants, or cafes, while the upper floors are perfect for conversion into luxury apartments, capitalizing on high ceilings and the potential for modern amenities. This unique opportunity presents a chance to combine historic charm with contemporary living. The property is eligible for historic tax credits, significantly reducing renovation costs while preserving its architectural integrity. To ensure continued vibrancy, the owner will lease back a portion of the building for their attorney offices, guaranteeing a thriving presence within Greenwood's historic fabric. This mixed-use development promises to be a cornerstone of the community's ongoing growth and development, offering a compelling investment opportunity in a desirable location. The asking price for this landmark property is $1,150,000.

    Property Features for 305 Market St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,255 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.184
    Latitude
    33.51988

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Greenwood, MS - Prime Location
    Where is this commercial real estate located?
    The property is located at 305 Market St Greenwood, MS.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (662) 374-4428
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    305 Market St Greenwood, MS 38930
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    Greenwood, MS 38930
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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
    305 Market St Greenwood, MS 38930
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