Multi-Tenant Storefront
New
For Sale
$295,000
625 E Peace Street, Canton, MS 39046
Two freestanding commercial buildings are fully leased and situated on a corner parcel with on-site parking.
Property Size2,177 SF
Lot Size0.82 Acres
Price / SF$135.51
Days on Market3
Property Features for 625 E Peace Street
General Information
Standard status
Active
Size
2,177 SF
Lot size
0.82 Acres
Property subtype
Commercial
Zoning
C-2
Occupancy
100%
Additional Details
Corner Location
Yes
Tenant in Place
Yes
Building Details
Building Size
2,177 SF
Year Built
1968
Buildings
2
Tenancy
Multi
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Rebecca Atkinson · License #S24100
Source:
Briggspropertiesonline
Added: Nov 4
Last Checked: Nov 6 at 4:44AM
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 JDJ Realty
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Investment Insights
Based on property information with market context.
The property includes two freestanding storefront buildings with a combined 2,177 square feet on 0.82 acres. Both buildings are fully leased, with multi-tenant occupancy, and were built in 1968. The site is zoned C-2 and includes ample parking.
At 625 E Peace Street in Canton, the buildings occupy a corner location where two well-traveled streets meet. The surrounding area includes activity associated with the Amazon Mega Site, Nissan, and their distribution facilities.
At 625 E Peace Street in Canton, the buildings occupy a corner location where two well-traveled streets meet. The surrounding area includes activity associated with the Amazon Mega Site, Nissan, and their distribution facilities.
Key Highlights
- Two freestanding buildings totaling 2,177 square feet
- 0.82‑acre parcel zoned C‑2
- Fully leased with multiple tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,190
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,800
$423.8K
Cap Rate 7%
$302,714
$302.7K
Cap Rate 9%
$235,444
$235.4K
Market Conditions
NOI Build-Up for 2,177 SF
Gross rent
$32.7K $15.00/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$30.3K $13.91/SF
− OpEx
−$9.1K −$4.17/SF
NOI
$21.2K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,800
Cap Rate 7%
$302,714
Cap Rate 9%
$235,444
Alternative Uses
Best Use
Retail
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.9K
$414.7K – $552.9K
NOI $33,173 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 26%
Home Improvements & Furnishings 3%
Apparel 2%
Dollar Tree
Shops & Services
10,613 visits/mo
0.2 miles
Save-A-Lot
Groceries
7,698 visits/mo
0.4 miles
Shell
Shops & Services
7,393 visits/mo
0.1 miles
Valvoline Instant Oil Change
Shops & Services
1,259 visits/mo
0.5 miles
Family Dollar
Shops & Services
1,118 visits/mo
0.4 miles
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Two freestanding commercial buildings are fully leased and situated on a corner parcel with on-site parking.
Where is this storefront property located?
The property is located at 625 E Peace Street Canton, MS.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two freestanding buildings totaling 2,177 square feet; 0.82‑acre parcel zoned C‑2; Fully leased with multiple tenants
