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    114 Main St Newton, MS 39345

    Sponsored
    For Sale
    $109,900

    Unique Event Venue, Renovated Bank Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 114 Main Street in the heart of downtown Newton, Mississippi, presents a rare investment opportunity. Priced at $109,900, this renovated two-story building boasts a rich history, originally serving as a bank. Now successfully operating as an event venue and rental space, the property offers significant potential for continued success or adaptation to various commercial uses. The main floor features a functional kitchen and two half-bathrooms, ideal for catering and guest convenience. Upstairs, three rooms currently configured as dressing rooms share a half-bathroom, providing ample space for various event needs. The building's unique character and versatile layout offer numerous possibilities for creative entrepreneurs. Its prime location in Newton, Mississippi, provides easy access to major transportation routes, including Highways 15, 80, and I-20, strategically situated between Jackson and Meridian. This property is ready for immediate occupancy and offers a compelling blend of history, functionality, and location. Schedule a viewing to explore the full potential of this remarkable commercial space.

    Property Features for 114 Main St

    General Information

    Property type
    Specialty properties

    HighLights

    • $109,900 asking price.
    • Special purpose property located at 114 Main Street, Newton, MS 39345.
    • Renovated former bank building, currently used as an event venue.
    • Two‑story building with versatile interior layout including kitchen and multiple restrooms.
    • Excellent location in downtown Newton, MS, near major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Vault Newton Event Venue

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Newton
    State
    Mississippi
    Longitude
    -89.1625925
    Latitude
    32.3222518

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    Nearby Similar for Sale

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      Prime Commercial Hub Opportunity

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      Newton Commercial Property: Prime Location

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    FAQs

    What type of property is this?
    Specialty property - Unique Event Venue, Renovated Bank Building
    Where is this specialty property located?
    The property is located at 114 Main St Newton, MS.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: $109,900 asking price.; Special purpose property located at 114 Main Street, Newton, MS 39345.; Renovated former bank building, currently used as an event venue.
    Request Owner's contact information
    114 Main St Newton, MS 39345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Main St Newton, MS 39345
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