242 Church St Columbia, MS 39429
This exceptional commercial building, located at 242 Church Street in the heart of downtown Columbia, Mississippi, presents a unique investment opportunity. Priced at $50,000, the property offers significant versatility and potential for a variety of uses. Currently configured as a cooking school, the space is easily adaptable to a wide range of businesses. Imagine establishing a thriving hair or nail salon, creating modern office space, or opening a retail establishment. Alternatively, the building could be converted into a residential apartment, offering a lucrative alternative use. The building benefits from a recently installed roof, complete with a 15-year warranty, ensuring peace of mind for years to come. This prime downtown location provides excellent visibility and accessibility, making it an ideal choice for entrepreneurs and investors seeking a high-impact property. The building's adaptable layout and strong location combine to create a compelling opportunity for significant return on investment. The property sits on a 0-acre lot, offering convenient access and minimal maintenance. Serious inquiries are encouraged to explore the full potential of this versatile commercial space. Don't miss this chance to own a piece of downtown Columbia.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.