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    1201 South St Vicksburg, MS 39180

    Sponsored
    For Sale
    $1,350,000

    30,000 sq ft, 43 Units, Prime Location

    Property size:
    30,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 30,000-square-foot multi-family complex located at 1201 South Street in Vicksburg, Mississippi, presents a compelling investment opportunity. The property sits on a five-acre lot and boasts 43 well-maintained units, ensuring a strong potential for consistent rental income. Tenant convenience is prioritized with an on-site laundry facility and ample parking. Its strategic location offers the best of both worlds: proximity to the vibrant downtown Vicksburg area and easy access to Interstate 20, enhancing both desirability and accessibility for residents. The property also includes convenient on-site office space, streamlining management and adding to its overall versatility. This turnkey investment is ideal for both seasoned investors looking to expand their portfolio and those seeking their first multi-family acquisition. The property's location near historic Vicksburg attractions and essential services contributes to its long-term value and potential for stable returns in a growing market. This is a rare chance to acquire a substantial piece of Vicksburg real estate with significant income-generating potential. The property is priced at $1,350,000.

    Property Features for 1201 South St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    30,000 SF
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Vicksburg
    County
    Warren
    State
    Mississippi
    Longitude
    -90.87573
    Latitude
    32.34765

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    FAQs

    What type of property is this?
    Commercial real estate - 30,000 sq ft, 43 Units, Prime Location
    Where is this commercial real estate located?
    The property is located at 1201 South St Vicksburg, MS.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (601) 521-2866
    Request Owner's contact information
    1201 South St Vicksburg, MS 39180
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    Vicksburg, MS 39180
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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
    1201 South St Vicksburg, MS 39180
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