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    119 Main St Newton, MS 39345

    Sponsored
    For Sale
    $89,900

    Prime Location, Updated Interior, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 119 Main Street in Newton, Mississippi, presents a unique investment opportunity. Priced at $89,900, this special purpose building offers versatile options for a variety of businesses. County records indicate a main floor area of 2,433 square feet, recently updated with fresh paint and a new HVAC system. This significant upgrade enhances the property's appeal and functionality. The upper floor remains in its unrenovated state, presenting potential for expansion or customized development to suit specific business needs. Previous uses include a barber shop and retail store, demonstrating the building's adaptability to diverse commercial ventures. The property's central downtown location in Newton, Mississippi, zip code 39345, ensures high visibility and accessibility for customers and clients. This is an excellent chance to acquire a well-situated commercial space with significant upside potential in a thriving Mississippi community. The property's strong foundation and recent improvements make it an attractive investment for entrepreneurs and business owners seeking a ready-to-occupy or easily adaptable space. The building's history of successful commercial operations further underscores its potential for continued success. Don't miss this opportunity to own a piece of Newton's vibrant commercial landscape.

    Property Features for 119 Main St

    General Information

    Property type
    Specialty properties

    HighLights

    • $89,900 asking price for a special purpose commercial building.
    • Located at 119 Main Street, Newton, MS 39345.
    • Features approximately 2,433 square feet (per county records) on the main floor.
    • Recently updated with fresh interior paint and new HVAC.
    • Upper floor requires renovation.
    • Previous uses include barber shop and retail store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magnolia Air Condition Air Conditioning Contractor

    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
    -89.1631376
    Latitude
    32.3219454

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Specialty property - Prime Location, Updated Interior, High Potential
    Where is this specialty property located?
    The property is located at 119 Main St Newton, MS.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: $89,900 asking price for a special purpose commercial building.; Located at 119 Main Street, Newton, MS 39345.; Features approximately 2,433 square feet (per county records) on the main floor.
    Request Owner's contact information
    119 Main St Newton, MS 39345
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    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
    119 Main St Newton, MS 39345
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