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    508 Tate St Corinth, MS 38834

    For Sale
    $599,000

    Established Business, High Potential, 599K

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 508 Tate Street in the thriving city of Corinth, Mississippi, presents a unique investment opportunity. Priced at $599,000, this established business location offers significant potential for a variety of uses. The property has served as a successful, long-standing business within the Corinth community, establishing a strong foundation for future success. Its prime location ensures high visibility and accessibility, making it an ideal spot for a retail establishment, or a multi-tenant space. The existing structure provides ample space for customization and adaptation to suit a wide range of business needs. The possibilities are numerous, from a single large retail space to a division into smaller, independent stores. This property represents a rare chance to acquire a well-positioned commercial asset in a dynamic market. The building's history of successful operation speaks to its inherent value and potential for continued profitability. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity to own a piece of Corinth's commercial landscape. The property is offered at a competitive price, reflecting its significant potential for return on investment. Don't miss this chance to secure a thriving business location in a vibrant community. Further details are available upon request.

    Property Features for 508 Tate St

    General Information

    Property type
    Investment properties

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corinth
    County
    Alcorn
    State
    Mississippi
    Longitude
    -88.51991
    Latitude
    34.93187

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    FAQs

    What type of property is this?
    Investment property - Established Business, High Potential, 599K
    Where is this investment property located?
    The property is located at 508 Tate St Corinth, MS.
    What is the asking price?
    The asking price for this property is $599,000.
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    508 Tate St Corinth, MS 38834
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    Corinth, MS 38834
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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
    508 Tate St Corinth, MS 38834
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