101 Main St, Carthage, MS 39051
This exceptional 2,880 square foot building, located at 101 W Main Street in historic downtown Carthage, Mississippi, presents a unique investment opportunity. Situated on a 0.07-acre lot, this 1900-era structure is the first building encountered when entering the historic downtown square from East Main Street. Its prime corner location offers excellent visibility and accessibility. The building is largely cleaned and ready for renovation, offering a blank canvas for a discerning buyer. The existing structure provides ample space, with the potential for expansion. Plans could include adding a second floor and a balcony, subject to necessary permits and approvals. This property represents a chance to own a piece of Carthage's rich history and contribute to the ongoing revitalization of the downtown area. Many surrounding buildings have been successfully restored in recent years, creating a vibrant and attractive environment. The building's solid foundation and historical significance make it an ideal candidate for adaptive reuse, suitable for a variety of commercial ventures. Don't miss this chance to acquire a truly remarkable property in a thriving Mississippi town. The asking price is $39,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.