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Historic Mixed-Use Property in Forest

121 Front St Forest, MS 39074

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For Sale
$469,900

Restored mixed-use property with warehouse and fenced storage in Forest, MS.

Property size:
6,800 SF
Lot size:
0.67 Acres
Price / SF:
$69/SF
Added:
Dec 27, 2025
Days on Market:
196
Last Refresh:
Apr 5 at 8:40 pm

Property Features for 121 Front St

General Information

Standard status
Active
Size
6,800 SF
Lot size
0.67 Acres

Listing office Alford Realty

Listing date Dec 27, 2025

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Alford Realty


Investment Insights

Based on property information with market context.

Located one block south of the Scott County Courthouse at the corner of South Main Street and Front Street, this historic property offers a blend of classic charm and modern amenities suitable for various commercial uses. The property, situated on a 0.67-acre lot, includes two adjoining buildings. The east building, currently tenant-occupied, features a salon and a special events venue specializing in wedding receptions and personal gatherings. This building is well-suited for commercial, retail, or restaurant use, with two reception areas, private offices, storage, restrooms, and a kitchen. Multiple electrical meters are present, allowing for easy division into multiple commercial units. The main building, constructed in 1923, provides nearly 6,800 square feet of meticulously restored interior space. Adjoining the main building is a metal warehouse built in 1967, ideal for inventory storage or potential modification into a large gathering place or light industrial space. The western portion of the property includes over 6,000 square feet of fenced storage area, secured by a security fence. Situated across the street from two small city parks, the property is located in a pedestrian-friendly downtown area experiencing significant restoration with retail, office, and residential spaces. The City of Forest, near the geographic center of Mississippi in the Bienville National Forest, is 35 minutes from Jackson Medgar Evers International Airport and 40 minutes from downtown Meridian.

Key Highlights

  • Meticulously restored historic building (built in 1923) with exposed brick, heart of pine beams and flooring, offering approximately 6,800 sq ft of interior space.
  • Located in a pedestrian‑friendly downtown area undergoing dramatic restoration with retail, office, and residential spaces.
  • Versatile property suitable for commercial, retail, or restaurant use, with potential for multiple commercial units due to multiple electrical meters.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $44.9k $6.60
− Vacancy −$1.5k −$0.22
EGI $43.4k $6.38
− OpEx −$6.5k −$0.96
NOI $36.9k $5.42
6,800 SF · lease $6.60/SF/yr · vacancy 3.30% · expense 15.00%

Alternative Uses

Best Use
Specialty Retail
$1.08M
$944.8K – $1.26M (±1% cap)
NOI $75,582 @ 7.0% cap · market cap 16.08%
Second Best
Retail
$962.9K
$842.5K – $1.12M (±1% cap)
NOI $67,402 @ 7.0% cap · market cap 14.34%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M (±1% cap)
NOI $81,567 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Building Supply Grocery & Convenience Store Cafe & Coffee Shop Hair Salon Real Estate Agency Nail Salon Auto Parts Store Tattoo & Piercing Shop Fish Market Big Box & Wholesale Store

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

FAQs

What type of property is this?
Mixed-use property - Restored mixed-use property with warehouse and fenced storage in Forest, MS.
Where is this mixed-use property located?
The property is located at 121 Front St Forest, MS.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Meticulously restored historic building (built in 1923) with exposed brick, heart of pine beams and flooring, offering approximately 6,800 sq ft of interior space.; Located in a pedestrian‑friendly downtown area undergoing dramatic restoration with retail, office, and residential spaces.; Versatile property suitable for commercial, retail, or restaurant use, with potential for multiple commercial units due to multiple electrical meters.
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