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    707 Sycamore Ave Greenwood, MS 38930

    Sponsored
    For Sale
    $150,000

    Historic building, 6750 sq ft, 0.9 acres

    Property size:
    6,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 6,750 square foot property at 707 Sycamore Avenue in Greenwood, MS, presents a unique investment opportunity. Previously a thriving auditorium with a capacity of 200 patrons, this building boasts a rich history and endless potential for redevelopment. The property includes a fully equipped kitchen, perfect for food service operations, and a spacious lobby ideal for customer interaction or waiting areas. While the stage and some lighting equipment have been removed, and certain mechanical systems are non-functional (reflected in the asking price of $150,000), the building's substantial size and prime location offer significant advantages. Situated on a 0.9-acre lot less than a block from Highway 82 and the main entrance to the Greenwood industrial park, this property enjoys excellent visibility and accessibility. Its versatility allows for a wide range of uses, including but not limited to: restaurant, office space, event venue, retail establishment, entertainment center, house of worship, or storage facility. The substantial square footage and existing infrastructure provide a solid foundation for a variety of commercial ventures. This is a rare chance to acquire a landmark building with significant upside potential in a thriving Mississippi community. The asking price reflects the need for renovations and updates, making this an attractive proposition for investors and entrepreneurs seeking a unique and adaptable property.

    Property Features for 707 Sycamore Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,750 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.1926
    Latitude
    33.50568

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, 6750 sq ft, 0.9 acres
    Where is this commercial real estate located?
    The property is located at 707 Sycamore Ave Greenwood, MS.
    What is the asking price?
    The asking price for this property is $150,000.
    (662) 374-4428
    Request Owner's contact information
    707 Sycamore Ave 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
    707 Sycamore Ave Greenwood, MS 38930
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