1656 Ms-1 Greenville, MS 38701

Property Details for 1656 Ms-1

Year built

1970

Lot size

12.40 lot acres

Property size

42,500 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a substantial retail property totaling 42,500 square feet situated on a sprawling 12.4-acre lot in Greenville, Mississippi. The property, built in 1970, consists of two connected buildings, offering significant potential for redevelopment or lease. The main building, formerly occupied by Stein Mart, features 42,500 square feet of space, including a loading dock, warehouse area, offices, and ample parking. An additional 9,250 square foot building is currently leased to Pasquales Restaurant and sits on 1.77 acres. The asking price is $1,950,000, translating to $45.88 per square foot. The property's location at 1656 MS-1 in Washington County, zip code 38701, provides excellent visibility and accessibility. The sale includes 4.61 acres, with additional development potential on an adjacent 6.62-acre parcel featuring street frontage. This presents a unique chance to acquire a large, high-visibility retail space in a growing market, with the added benefit of several outparcels available for future development. The property is currently vacant, offering a blank canvas for a variety of retail or commercial uses. The single-story structure offers easy access and functionality. This is a rare opportunity to acquire a significant retail asset in a desirable location.

Location Insight

City

Greenville

County

Washington

State

Mississippi

Longitude

-91.0378

Latitude

33.3743