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    OFF-MARKET
    Commercial real estate

    101 Main St, Carthage, MS 39051

    2,880 SF 0.07 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 2,880 SF
    Lot 0.07 ac (3,049 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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