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Multi-Tenant Shopping Center
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261 Devereux Dr, Natchez, MS 39120

Occupied retail center with an additional slab for future construction and shared access easements.

Property Size49,848 SF
Lot Size7.71 Acres
Days on Market143

Property Features for 261 Devereux Dr

General Information

Standard status Active
Size 49,848 SF
Lot size 7.71 Acres
Property subtype Retail, Land

Building Details

Tenancy Multi
Listing Agency: Paul Green and Associates
Listed By: Glenn Green · License #MS
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:12PM

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 Paul Green and Associates

Investment Insights

Based on property information with market context.

This shopping center occupies approximately 7.71 acres and includes about 49,848 square feet of rentable space across a 13-tenant occupancy profile. The existing improvements provide an established retail configuration with multiple tenant spaces.

An additional 39,007-square-foot concrete slab remains without a roof, creating a separate area that can support future construction of rentable space. The slab was previously used by a market operation. Cross easements connect the property with adjacent properties and support circulation across the surrounding commercial area.

Key Highlights

  • 7.71‑acre shopping center tract
  • Approximately 49,848 square feet of rentable space
  • Occupied by 13 different tenants

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Grocery & Convenience Store Food Market

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby
Well-served
Demand for This Use

Demographics for 39120, MS

29,634
Population
14,963
Households
2
Avg Household Size
44
Median Age
19%
College-Educated
83%
High-School Grad
484.2 sq mi
ZIP Area
61
Density / Sq Mi
$40,586
Median Household Income
$33,334
Median Earnings
$720
Median Rent
$106,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Occupied retail center with an additional slab for future construction and shared access easements.
Where is this shopping center located?
The property is located at 261 Devereux Dr Natchez, MS.
What are key features of this property?
This property features: 7.71‑acre shopping center tract; Approximately 49,848 square feet of rentable space; Occupied by 13 different tenants
(601) 431-2644 Call to check price and availability
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