Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 Main Ave Magee, MS 39111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $119,000

    Prime retail space, historic Main Ave. High traffic location.

    Property size:
    1,872 SF

    Property Features for 124 Main Ave

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    1,872 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Chris Curlee

    Listing Agency: Main Street Realty LLC Listing Agent: Chris Curlee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 124 N Main Avenue in the heart of historic downtown Magee, Mississippi, presents a unique investment opportunity. Boasting a total of approximately 1,872 square feet, the building offers a versatile layout ideal for a variety of retail or office uses. The main showroom area encompasses over 1,632 square feet, providing ample space for displays, customer interaction, and operations. In addition, there is approximately 240 square feet of dedicated storage space, ensuring efficient organization and inventory management. A convenient restroom is also included. The property sits on a 0.23-acre lot, offering potential for outdoor display or expansion (subject to local zoning regulations). Currently, the property is available for lease at $1,100 per month, representing a strong potential return on investment. Its prime location on Main Avenue in downtown Magee guarantees high visibility and accessibility, placing your business in the center of community activity. This is an excellent opportunity to establish or expand your business in a thriving Mississippi town. The asking price for this property is $119,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lilly Marie Boutique Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Magee
    County
    Simpson
    State
    Mississippi
    Longitude
    -89.73254
    Latitude
    31.87365

    Nearby Similar for Sale

    • $599,900
      Pending

      Magee Warehouse and Distribution Center

      25,000 SF warehouse/distribution center on 8.5 acres.
      315 Baldwin Rd, Magee, MS 39111
      View Details
    • $1,200,000
      Pending

      Class A Office Building

      26,342 SF Class A office building in Magee, MS.
      100 Pioneer Way, Magee, MS 39111
      View Details
    • Contact for pricing
      3,700 SF

      Restaurant/Retail Opportunity in Magee, MS

      Restaurant or retail property with high visibility in Magee, MS.
      201 Pinola Dr, Magee, MS 39111
      View Details
    • $165,000
      2,184 SF

      Magee Commercial Warehouse For Sale

      2,184 SF commercially zoned property with warehouse and office space.
      164 Simpson Highway 149, Magee, MS 39111
      View Details
    • Contact for pricing

      Turnkey Poultry Broiler Farm

      Four-house poultry farm near Magee, MS, with recent updates.
      2045 Highway 541 N, Magee, MS 39111
      View Details
    • $1,200,000
      26,342 SF

      Prime Magee Office Building

      Class A Office, 26,342 SF, 5 Acres
      100 Pioneer Way, Magee, MS 39111
      View Details
    • $1,200,000
      8,000 SF

      Prime Magee Office Building Investment

      High-visibility, 100% occupied, dual-tenant office.
      1663 Us 49, Magee, MS 39111
      View Details
    • $1,200,000
      26,342 SF

      Magee Office Building: Prime Investment

      Class A Office, 26,342 SF, Vacant
      100 Pioneer Way, Magee, MS 39111
      View Details
    • $1,200,000

      High-Yield Office Building, Magee, MS

      Profitable Office Building Near Walmart
      1663 Us 49, Magee, MS 39111
      View Details
    • $990,000
      24,000 SF

      Magee Retail Center: Prime Location

      Three buildings, high-traffic Main Ave.
      501 Main Ave, Magee, MS 39111
      View Details
    • $170,000
      1,222 SF

      Prime Magee Retail Opportunity

      Former Sonic Drive-In, High Traffic Location
      400 Main Ave, Magee, MS 39111
      View Details
    • $1,650,000
      1,853 SF

      Profitable Huddle House Restaurant in Magee, MS

      Established Restaurant, High Traffic Area, Great ROI
      1664 Us-49, Magee, MS 39111
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime retail space, historic Main Ave. High traffic location.
    Where is this retail property located?
    The property is located at 124 Main Ave Magee, MS.
    What is the asking price?
    The asking price for this property is $119,000.
    (601) 382-1271
    Request Owner's contact information
    124 Main Ave Magee, MS 39111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 Main Ave
    Magee, MS 39111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    124 Main Ave Magee, MS 39111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Curlee
    (601) 382-1271 (601) 849-3226
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!