Mixed-Use Property with Event
For Sale
$1,100,000
3425 N Liberty Street, Canton, MS 39046
Commercial Sale, Canton, MS
Property Size11,000 SF
Lot Size0.46 Acres
Price / SF$100
Days on Market49
Property Features for 3425 N Liberty Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking features
Parking Lot
Subdivision
Metes And Bounds
Lot features
Corner Lot, Open Lot, Corner Lot, Open Lot
Standard status
Active
APN
093d-18c-032-00-00
Size
11,000 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT FRONT 135 FT ON W/S N LIBERTY ST OUT OF LOTS 48 & 50 N LIBERTY ST -.56 ACC-
Tax Annual Amount
8130
Legal Description
LOT FRONT 135 FT ON W/S N LIBERTY ST OUT OF LOTS 48 & 50 N LIBERTY ST -.56 ACC-
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Listing Agency:
Keller Williams · Keller Williams Realty
(601) 977-9411
Listed By:
Maurice Goree · License #S56972
(662) 397-3515
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 22 at 3:06PM
MLS# 4161446
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 11,000-square-foot mixed-use property sits on 0.46 acres and contains four businesses alongside an event center used for small gatherings, meetings, celebrations, and other events. Built in 1978, the building has central heating and central air, with ceiling fans also listed. A parking lot serves the property.
The site is at 3425 N Liberty Street in Canton, near downtown. Public water and public sewer serve the property.
The site is at 3425 N Liberty Street in Canton, near downtown. Public water and public sewer serve the property.
Key Highlights
- 11,000 square feet on 0.46 acres
- Four businesses currently operate at the property
- Event center used for small gatherings, meetings, celebrations, and events
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
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 businesses and a rentable gathering venue occupy a sizeable commercial property near downtown Canton.
Where is this mixed-use property located?
The property is located at 3425 N Liberty Street 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: 11,000 square feet on 0.46 acres; Four businesses currently operate at the property; Event center used for small gatherings, meetings, celebrations, and events
