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    1015 Green St Tupelo, MS 38804

    For Sale
    $3,500,000

    48,056 SF Vacant Office, Mixed-Use Zoning

    Property size:
    48,056 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 48,056 square foot office building, located at 1015 S Green Street in Tupelo, Mississippi, presents a unique investment opportunity. Built in 1955, this single-story structure sits on a substantial 2.6-acre lot and is zoned for Mixed Use Employment, offering considerable flexibility for future development. Currently vacant, the property provides immediate occupancy for an owner/user seeking a significant footprint. The building features dedicated electrical lab space, a valuable asset for a variety of businesses, and includes the convenience of one drive-in door for easy loading and unloading. The asking price is $3,500,000, translating to a price per square foot of $72.83. The property's APN is 113B-06-041-00. The seller is open to exploring a partial building sale-leaseback arrangement, providing potential buyers with added financial flexibility. This presents a rare chance to acquire a large, well-located office building in a thriving Mississippi community. The property's size, zoning, and existing features make it ideal for a variety of uses, from traditional office space to specialized industrial applications. Don't miss this opportunity to secure a prime commercial property in Lee County.

    Property Features for 1015 Green St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    48,056 SF
    Lot Size
    113,256 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    HighLights

    • 48,056 SF office building on a 2.6‑acre lot in Tupelo, MS.
    • Mixed‑use zoning allows for flexible future development.
    • Currently vacant, offering immediate occupancy.
    • Features dedicated electrical lab space and a drive‑in door.
    • Asking price: $3,500,000 ($72.83/SF).
    • Seller open to a partial sale‑leaseback.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7081071
    Latitude
    34.244152

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    FAQs

    What type of property is this?
    Office Property / Space - 48,056 SF Vacant Office, Mixed-Use Zoning
    Where is this office property / space located?
    The property is located at 1015 Green St Tupelo, MS.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 48,056 SF office building on a 2.6-acre lot in Tupelo, MS.; Mixed-use zoning allows for flexible future development.; Currently vacant, offering immediate occupancy.
    Request Owner's contact information
    1015 Green St Tupelo, MS 38804
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    Tupelo, MS 38804
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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
    1015 Green St Tupelo, MS 38804
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