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Brick Storefront Building with Apartment
For Sale
$394,000

405 N Main, Water Valley, MS 38965

COMMERCIAL - WATER VALLEY, MS

Property Size2,413 SF
Price / SF$163.28
Days on Market166

Property Features for 405 N Main

General Information

Property type Commercial Sale
Property subtype Other
Parking 15
Elementary school district WATER VALLEY
Middle school district WATER VALLEY
High school district WATER VALLEY
Subdivision North
Standard status Active
Size 2,413 SF

Utilities

Heating system Central, Electric (Heating)
Cooling system Electric, Central Air

Building Details

Year built 1920
Building materials Brick
Roof type Built-Up
Listing Agency: RE/MAX Legacy (BOF)
Listed By: Sherry S Fischer · License #15059
Added: Mar 9 Changed: Aug 4 Last Checked: Aug 21 at 10:06PM
MLS# 166802

Copyright © 2026 North Central Mississippi 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.

This brick storefront building includes an upstairs apartment and totals 2,413 square feet. The roof is built-up, and the property is equipped with central electric heating and central air cooling.

Located at 405 N Main in Water Valley, Mississippi, the building’s configuration supports retail or storefront use on the ground level with an additional apartment above.

Built in 1920, the property offers a mixed-use layout within a single, street-level structure. Central heating and central air are in place to support year-round comfort.

Key Highlights

  • 2,413 square feet total storefront with upstairs apartment
  • Brick construction with built‑up roof
  • Central electric heating

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Nail Salon Daycare Center

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

279
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 56% Shops & Services 36% Home Improvements & Furnishings 8%
SONIC Drive In Dining
9,311 visits/mo 0.5 miles
Dollar Tree Shops & Services
5,343 visits/mo 0.1 miles
Hometown Pizza Dining
2,996 visits/mo 0.0 miles
Sartains Home & Auto True Value Hardware Home Improvements & Furnishings
1,692 visits/mo 0.1 miles
Carquest Auto Parts - MIDTOWN AUTO PARTS Shops & Services
1,390 visits/mo 0.1 miles

Demographics for 38965, MS

9,219
Population
4,192
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
88%
High-School Grad
251.6 sq mi
ZIP Area
37
Density / Sq Mi
$57,368
Median Household Income
$35,147
Median Earnings
$655
Median Rent
$121,500
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
Rey
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Similar Off Market Nearby

  • GG's Flowers & Gifts 213 Main St, Water Valley, MS 38965

Frequently Asked Questions

What type of property is this?
Storefront property - Brick storefront with an upstairs apartment; central electric heating and central air cooling, built in 1920.
Where is this storefront property located?
The property is located at 405 N Main Water Valley, MS.
What is the asking price?
The asking price for this property is $394,000.
What are key features of this property?
This property features: 2,413 square feet total storefront with upstairs apartment; Brick construction with built‑up roof; Central electric heating
More about this property
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