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Historic Mixed-Use Property
For Sale
$2,990,000

130-132 W Bankhead St, New Albany, MS 38652

Commercial Sale, New Albany, MS

Property Size17,255 SF
Lot Size0.33 Acres
Price / SF$173.28
Days on Market191

Property Features for 130-132 W Bankhead St

General Information

Property type Commercial Sale
Property subtype Other
Directions Downtown New Albany by Tanglefoot Trail entrance.
Subdivision Union County
Standard status Active
Size 17,255 SF
Lot size 0.33 Acres

Taxes and HOA fees

Tax Description Instrument #20053144
Tax Annual Amount 3759
Legal Description Instrument #20053144

Building Details

Floors in Building 3
Listing Agency: TM REALTORS
Listed By: Chanda Cossitt · License #S-42740
Added: Mar 16 Changed: Aug 19 Last Checked: Sep 22 at 6:06PM
MLS# 26-872

Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Hamilton Place comprises historic mixed-use buildings with 17,255 square feet of property area on a 0.33-acre site. The configuration places retail shops at street level and apartments on the second floor, with the residential units reported at 100% occupancy. The property also includes an adjacent 1,000-square-foot nail salon, expanding the existing commercial component.

A third-floor penthouse is identified as a possible future development component. The buildings are located in downtown New Albany at 130-132 W Bankhead St, offering a combination of retail, residential, and service-oriented space within one property.

Key Highlights

  • 17,255 square feet of mixed‑use property on 0.33 acres
  • First‑floor shops paired with second‑floor apartments
  • Apartments reported at 100% occupancy

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Garden Center Dental Office Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

463
Businesses Nearby

Demographics for 38652, MS

16,657
Population
6,977
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
80%
High-School Grad
154.4 sq mi
ZIP Area
108
Density / Sq Mi
$54,321
Median Household Income
$36,359
Median Earnings
$918
Median Rent
$162,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level shops and second-floor apartments create a dual-use commercial configuration with fully occupied residential space.
Where is this mixed-use property located?
The property is located at 130-132 W Bankhead St New Albany, MS.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 17,255 square feet of mixed‑use property on 0.33 acres; First‑floor shops paired with second‑floor apartments; Apartments reported at 100% occupancy
More about this property
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