Historic Mixed-Use Hamilton
130 W Bankhead St, New Albany, MS 38652
Historic mixed-use property in downtown New Albany, Mississippi.
Type:Retail, Multifamily, Mixed Use, Special Purpose
Property size:
17,255 SFPrice / SF:
$191/SF- Added:
- Mar 6, 2026
- Days on Market:
- 67
- Last Refresh:
- Mar 16 at 3:09 pm
Property Features for 130 W Bankhead St
General Information
- Standard status
- Active
- Size
- 17,255 SF
- Property subtype
- Retail, Multifamily, Mixed Use, Special Purpose
Building Details
- Year Built
- 1898
Listing agent Paul Heath License #18233
Listing office Heath Appraisal Services - Paul Heath
Listing date Mar 6, 2026
Source Crexi
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 Heath Appraisal Services - Paul Heath
HighLights
- Historic Landmark: Own a meticulously preserved historic building (built in 1885 and 1887) in downtown New Albany.
- Income‑Producing Asset: Generates approximately $169,000 in annual income with potential to reach $240,000 annually, plus additional income.
- Diverse Tenant Mix: Features thriving, long‑term commercial tenants on the first floor.
- Updated Residential Condos: Includes four meticulously updated residential condos on the second floor.
- Penthouse Potential: Third‑floor penthouse offers a significant opportunity to increase income.
- Additional Income Stream: An adjacent 1,000 sq. ft. nail salon contributes an additional $13,200 in annual income.
Overview
The Hamilton Place, located at 130 & 132 West Bankhead Street in New Albany, Mississippi, consists of adjoining historic buildings constructed in 1885 and 1887. The three-story property has approximately 17,255 square feet. The first floor features brick storefronts occupied by long-term tenants, including an upscale boutique, salon, and chiropractic practice. The New Albany Gazette maintains ownership of its portion of the ground floor. The second floor contains four updated residential condos: four with two bedrooms and two baths, and two one-bedroom, one-bath retreats. The third-floor penthouse presents an opportunity to expand the property’s earning potential, with an anticipated rental value of $2,800–$3,000 per month. An adjacent 1,000 sq. ft. nail salon contributes additional annual income. The property's current annual income is approximately $169,000, with annual expenses of approximately $22,400. Projected potential income is up to $240,000 annually, plus penthouse and nail salon returns. Note that the offering does not include a portion of the 1st floor of 130 W Bankhead (Leasehold).
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- New Albany
- County
- Union
- State
- Mississippi
- Longitude
- -89.010064
- Latitude
- 34.49455
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use property in downtown New Albany, Mississippi.
Where is this mixed-use property located?
The property is located at 130 W Bankhead St New Albany, MS.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Historic Landmark: Own a meticulously preserved historic building (built in 1885 and 1887) in downtown New Albany.; Income‑Producing Asset: Generates approximately $169,000 in annual income with potential to reach $240,000 annually, plus additional income.; Diverse Tenant Mix: Features thriving, long‑term commercial tenants on the first floor.
