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Downtown Mixed-Use Building
New
For Sale
$386,000

405 North Main, Water Valley, MS 38965

Two-level property with an upstairs apartment, commercial space, and three total bathrooms.

Property Size2,413 SF
Price / SF$159.97
Days on Market3

Property Features for 405 North Main

General Information

Standard status Active
Size 2,413 SF
Property subtype Commercial

Building Details

Year Built 1920
Buildings 1
Listing Agency: RE/MAX Legacy (Bof)
Listed By: Martin Mesecke
Source: Oxford38655
Added: Sep 18 Changed: Sep 20 Last Checked: Sep 20 at 8:27AM

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 RE/MAX Legacy (Bof)

Investment Insights

Based on property information with market context.

Built in 1920, this 2,413-square-foot mixed-use building combines commercial space on the main level with an upstairs apartment. The residence includes one full bath, while the main floor has two additional bathrooms, bringing the property total to three baths.

Located at 405 North Main in downtown Water Valley, the property is positioned among surrounding businesses with access from the town center. Previous operations have included a bed and breakfast, tanning salon, coffee shop, and retail space, supporting a range of commercial and mixed-use configurations within the existing building.

Key Highlights

  • 2,413‑square‑foot mixed‑use building constructed in 1920
  • Upstairs apartment with one full bath
  • Main level includes two additional bathrooms

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

24
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Two-level property with an upstairs apartment, commercial space, and three total bathrooms.
Where is this mixed-use property located?
The property is located at 405 North 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 constructed in 1920; Upstairs apartment with one full bath; Main level includes two additional bathrooms
More about this property
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