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Property profile & analytics
FOR SALE
Retail space

1420 Washington St Vicksburg, MS 39180

7,599 SF 0.19 ac lot Built 1950
Individually Owned 8-yr Hold Free & Clear
Property ID
US50-0604330
Property summary
AI-generated overview

This vacant, 16,100 square foot retail/flex building is situated in the heart of Vicksburg, Mississippi, at the prominent corner of Washington Street and South Street. Currently unoccupied, this property presents a unique redevelopment opportunity for investors and users seeking to capitalize on the ongoing revitalization of downtown Vicksburg. The expansive, mostly open floor plan allows for flexible configuration to suit a variety of uses. The building's location on Washington Street offers excellent visibility and accessibility. Downtown Vicksburg is experiencing a surge in growth, with new restaurants, retail establishments, and condo conversions complementing the area's established historic businesses. This presents a compelling investment prospect for those looking to be part of a thriving urban core. The property's size and central location make it ideal for a wide range of commercial ventures. This is a chance to acquire a significant footprint in a dynamic and improving downtown area. The building is available for immediate occupancy, allowing for swift implementation of redevelopment plans. Serious inquiries are encouraged to explore the potential of this exceptional property.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 7,599 SF
Lot 0.19 ac (8,252 SF)
APN 094-P -19 -0010-61-0048.00
UPID US50-0604330
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sassy Seconds Vicksburg, LLC Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k
Owner & transaction history
Elias H Dabit · 8 yrs held
Elias H Dabit
since 2018
2 recorded transactions
2018
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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