Mixed-Use Property with Event
For Sale
$1,100,000
3425 N Liberty St, Canton, MS 39046
Four operating businesses and a rentable event venue support varied commercial use.
Property Size11,000 SF
Lot Size0.46 Acres
Price / SF$100
Days on Market47
Property Features for 3425 N Liberty St
General Information
Standard status
Active
Size
11,000 SF
Lot size
0.46 Acres
Amenities
event center
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Keller Williams
Listed By:
Maurice Goree · License #S56972
(662) 397-3515
Source:
Fiorellaavenue
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 2:25PM
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 Keller Williams
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Investment Insights
Based on property information with market context.
This mixed-use commercial property contains approximately 11,000 square feet on approximately 0.46 acres. Four businesses currently occupy the property, creating multiple commercial spaces within the existing layout. An event center adds a separate use component and is rented for small gatherings, meetings, celebrations, parties, and other special events.
Located at 3425 N Liberty St in Canton, the property is just minutes from downtown. Its current configuration supports continued operation of the existing businesses and event venue, while the available commercial area may accommodate additional leasing, new business concepts, redevelopment, or other uses consistent with the property’s mixed-use classification.
Located at 3425 N Liberty St in Canton, the property is just minutes from downtown. Its current configuration supports continued operation of the existing businesses and event venue, while the available commercial area may accommodate additional leasing, new business concepts, redevelopment, or other uses consistent with the property’s mixed-use classification.
Key Highlights
- Approximately 11,000 square feet of commercial space
- Approximately 0.46 acres
- Four businesses currently operate at the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,250
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,000
$1.5M
Cap Rate 7%
$1,060,714
$1.1M
Cap Rate 9%
$825,000
$825.0K
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$132.0K $12.00/SF
− Vacancy
−$13.2K −$1.20/SF
EGI
$118.8K $10.80/SF
− OpEx
−$44.6K −$4.05/SF
NOI
$74.3K $6.75/SF
Area
Madison County, MS
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,000
Cap Rate 7%
$1,060,714
Cap Rate 9%
$825,000
Alternative Uses
Best Use
Mixed Use
$1.06M
$928.1K – $1.24M
NOI $74,250 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,619 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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Business Placement
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four operating businesses and a rentable event venue support varied commercial use.
Where is this mixed-use property located?
The property is located at 3425 N Liberty St Canton, MS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 11,000 square feet of commercial space; Approximately 0.46 acres; Four businesses currently operate at the property
