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    1238 Main St Tupelo, MS 38801

    For Sale
    $325,000

    Versatile Commercial/Manufacturing Space

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 2,300 square foot commercial building in Tupelo, Mississippi, presents a unique investment opportunity. Located at 1238 Main St., 38801, this property offers adaptable space currently divided into two sections, easily convertible into a single unit. The building is classified as special purpose, industrial, and land, making it suitable for a variety of uses. Two bathrooms are under construction, adding to the property's functionality. The high-traffic location boasts excellent visibility, with a 2023 MDOT ADT of 20,000 recorded at the nearest site (#410540). This presents significant potential for businesses seeking a prominent location in a thriving area. The asking price is $325,000. The property is situated in Lee County, Mississippi, offering easy access to major transportation routes. This adaptable space is ideal for entrepreneurs and established businesses alike, providing a solid foundation for growth and success. The property's versatility and prime location make it an attractive investment prospect. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property.

    Property Features for 1238 Main St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    2,300 SF

    HighLights

    • $325,000 asking price.
    • 2,300 square foot building on land.
    • Special purpose industrial property with commercial uses.
    • Located at 1238 Main St., Tupelo, MS 38801.
    • Currently divided into two units, easily convertible to one.
    • Two bathrooms under construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7274328
    Latitude
    34.2562851

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    FAQs

    What type of property is this?
    Manufacturing property - Versatile Commercial/Manufacturing Space
    Where is this manufacturing property located?
    The property is located at 1238 Main St Tupelo, MS.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price.; 2,300 square foot building on land.; Special purpose industrial property with commercial uses.
    Request Owner's contact information
    1238 Main St Tupelo, MS 38801
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    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
    1238 Main St Tupelo, MS 38801
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