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Dual-Entrance Medical Office Building
For Sale
$850,000

516 Pegram, Tupelo, MS 38801

Medical facility with separate patient areas, substantial cabinetry and storage, and dedicated parking serving multiple practice configurations.

Property SizeContact for details
Days on Market639

Property Features for 516 Pegram

General Information

Standard status Active
Property subtype General Commercial

Amenities

3
Commercial
155.4 x 200 IRR

Building Details

Stories 1
Listing Agency: TM REALTORS
Listed By: Meredith Martin ABR,AHWD,C2EX
Source: Xome
Added: Nov 30, 2024 Changed: Aug 30 Last Checked: Aug 30 at 1:56PM

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 TM REALTORS

Investment Insights

Based on property information with market context.

This medical office property at 516 Pegram in Tupelo, Mississippi, is arranged around two entrances and two separate lobbies, allowing the building to accommodate dual practices. The interior includes nine large exam rooms, six bathrooms, four offices, multiple work areas, extensive cabinetry and storage, an electrical room, laundry area, and break room.

The property is located just steps from the hospital and offers road frontage with a large wrap-around parking lot. A separate 32x12 storage building adds additional on-site utility. The seller is also willing to lease the property.

Key Highlights

  • Two entrances and separate lobbies support dual‑practice use
  • Nine large exam rooms, six bathrooms, and four offices
  • Multiple work areas with cabinetry and storage

Property Analytics

Current Use

Dermatology Center Of North ... Physician Houin Jr Jeffrey ... Physician Dr. Bradley N. ... Physician Dr. John D. ... Physician

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

1,263
Businesses Nearby
Balanced
Demand for This Use

Demographics for 38801, MS

29,795
Population
13,717
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
73.0 sq mi
ZIP Area
408
Density / Sq Mi
$63,447
Median Household Income
$35,596
Median Earnings
$954
Median Rent
$187,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Pet Wellness Center 931 S Green St, Tupelo, MS 38804

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical facility with separate patient areas, substantial cabinetry and storage, and dedicated parking serving multiple practice configurations.
Where is this medical office space located?
The property is located at 516 Pegram Tupelo, MS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two entrances and separate lobbies support dual‑practice use; Nine large exam rooms, six bathrooms, and four offices; Multiple work areas with cabinetry and storage
More about this property
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