Building Details

Year built 1969

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

Listed By: Sherry S Fischer · License #15059 Show Phone

Added: Mar 25, 2025 Changed: Aug 4 Last Checked: Aug 21 at 6:06PM

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MLS# 160266

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 2,006-square-foot mixed-use property was built in 1969 on 1 acre. The building previously operated as a restaurant and is currently used as a funeral home. The main funeral-home area has been renovated, while the back room remains unfinished. A new roof has been installed.

The property also includes a mobile home that is currently rented. Existing occupancy is month to month, providing a flexible arrangement for the present tenant relationship. Located in Water Valley, Mississippi, the property is identified as a mixed-use asset with an established commercial use and an additional residential component.

Key Highlights

• 2,006‑square‑foot mixed‑use property on 1 acre
• Currently operating as a funeral home
• Former restaurant use

Property Analytics

Property Profile

Current Use

Walker Funeral Services Social Service Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Building Supply Storage Facility Garden 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.

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

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?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Former restaurant now serves as a funeral home, with renovations completed in the primary funeral-home area.

Where is this mixed-use property located?

The property is located at 609 Wise Street Water Valley, MS.

What is the asking price?

The asking price for this property is $179,900.

What are key features of this property?

This property features: 2,006‑square‑foot mixed‑use property on 1 acre; Currently operating as a funeral home; Former restaurant use