Building Details

Year built 1920

Building materials Brick

Roof type Built-Up

Listing Agency: RE/MAX Legacy (BOF) Show Phone

Listed By: Sherry S Fischer · License #347_2 Show Phone

Added: Sep 16 Last Checked: Sep 20 at 10:06PM

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MLS# 168489

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 mixed-use building contains 2,413 square feet across a main level and an upstairs apartment. The upper level includes one full bathroom, while two additional bathrooms serve the main level, providing three bathrooms overall. Brick construction, central heating and cooling, and a built-up roof are among the property’s physical features. The building dates to 1920.

Located at 405 N Main in downtown Water Valley, the property sits in the center of town near surrounding businesses. Its prior configurations have included a bed and breakfast, tanning salon, coffee shop, and retail space. The existing layout supports consideration of retail, office, salon, café, lodging, or combined commercial and residential use, subject to applicable requirements.

Key Highlights

• 2,413‑square‑foot mixed‑use building at 405 N Main, Water Valley, MS 38965
• Upstairs apartment with one full bathroom
• Three bathrooms total, including two on the main level

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Garden Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

279

Businesses Nearby

22k

Monthly Visits Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

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2,413 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick commercial property with an upstairs apartment and flexible space for retail, office, salon, café, or lodging use.

Where is this mixed-use 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 $386,000.

What are key features of this property?

This property features: 2,413‑square‑foot mixed‑use building at 405 N Main, Water Valley, MS 38965; Upstairs apartment with one full bathroom; Three bathrooms total, including two on the main level