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    1243 Nelle St Tupelo, MS 38801

    Sponsored
    For Sale
    $265,000

    Versatile industrial space, ideal for various uses.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 6,000-square-foot industrial building, located at 1243 Nelle Street in Tupelo, Mississippi, presents a unique investment opportunity. Priced at $265,000 ($44.17/sq ft), this Class B property offers a flexible layout suitable for diverse businesses. Built in 1972, the single-story structure sits on a 0.6-acre lot (APN: 077M-36-147-00) and features a fully heated and cooled, free-span corrugated metal design. Access is convenient via front, side, and rear entry points, including a ground-level roll-up door. The interior currently includes a foyer, two to four offices, two restrooms, five additional offices or classrooms, a large open gathering area, a fellowship hall, and a kitchen. This adaptable space can be easily reconfigured to meet specific business needs. The property boasts 4,000 square feet of paved parking in front, with additional access and land in the rear for potential expansion, storage, or a fenced area. Zoned for Mixed Use Employment, this building enjoys a prime location on Nelle Street, a high-traffic commercial thoroughfare conveniently situated near West Main Street, offering excellent visibility and accessibility within Tupelo. The motivated seller makes this an attractive proposition for investors seeking a versatile and well-located industrial property.

    Property Features for 1243 Nelle St

    General Information

    Property type
    Flex space
    Square Feet
    6,000 SF
    Class
    B
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1

    HighLights

    • 6,000 SF climate‑controlled space.
    • Suitable for church or daycare use.
    • Seller highly motivated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kingdom Seekers Church Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7266799
    Latitude
    34.2579237

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    FAQs

    What type of property is this?
    Flex space - Versatile industrial space, ideal for various uses.
    Where is this flex space located?
    The property is located at 1243 Nelle St Tupelo, MS.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 6,000 SF climate-controlled space.; Suitable for church or daycare use.; Seller highly motivated.
    Request Owner's contact information
    1243 Nelle St Tupelo, MS 38801
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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
    1243 Nelle St Tupelo, MS 38801
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