112 Franklin St Corinth, MS 38834
- Retail properties
- 3,300 SF
- 0.15 lot acres
Current Use by Public Records
- Take It or Leave It / Restaurant
Property Details for 112 Franklin St
- Year built
- 1901
- Lot size
- 0.15 lot acres
- Property size
- 3,300 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This offering presents two exceptional commercial properties in downtown Corinth, Mississippi. The first, located at 112 Franklin Street, is a 3,300 square foot restaurant currently operating at 100% occupancy under a gross lease with one year remaining. This two-story, 1901-built building (renovated in 2012) sits on a 0.15-acre lot and features a spacious dining area, large kitchen, HVAC system, and ample storage. Its prime location ensures high visibility and consistent customer traffic. The second property, situated at 602 Wick Street (details not provided in this listing), offers versatile retail space ideal for various business types. Both properties are part of a multi-unit tenancy and represent a compelling investment opportunity in a thriving downtown area. The asking price for the 112 Franklin Street property is $325,000, reflecting a price per square foot of $98.48. The properties benefit from convenient on-street parking and nearby public lots. This is a rare chance to acquire established, income-producing commercial real estate in a desirable Mississippi location. The properties are currently occupied, offering immediate return on investment. The sale is offered as a For Sale By Owner transaction.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corinth
- County
- Alcorn
- State
- Mississippi
- Longitude
- -88.5202
- Latitude
- 34.9325
