305 Market St Greenwood, MS 38930

Property Details for 305 Market St

Year built

1920

Property size

24,255 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

8510032500100

APU

8510032500100

Description

This exceptional 24,255 square foot commercial building sits on a 0.35-acre lot in Greenwood, Mississippi's historic district, directly across from the courthouse. The well-preserved early 20th-century structure boasts classic architectural details, including a grand yet understated brick facade and large windows that flood the interior with natural light. Its prime downtown location offers unparalleled convenience, with proximity to restaurants, banks, and professional offices, contributing to the area's revitalization efforts. The building's versatility allows for a blend of commercial and residential uses. The ground floor is ideal for retail spaces such as boutiques, restaurants, or cafes, while the upper floors are perfect for conversion into luxury apartments, capitalizing on high ceilings and the potential for modern amenities. This unique opportunity presents a chance to combine historic charm with contemporary living. The property is eligible for historic tax credits, significantly reducing renovation costs while preserving its architectural integrity. To ensure continued vibrancy, the owner will lease back a portion of the building for their attorney offices, guaranteeing a thriving presence within Greenwood's historic fabric. This mixed-use development promises to be a cornerstone of the community's ongoing growth and development, offering a compelling investment opportunity in a desirable location. The asking price for this landmark property is $1,150,000.

Location Insight

City

Greenwood

County

Leflore

State

Mississippi

Longitude

-90.184

Latitude

33.5199

CBSA code

24900

CBSA name

GREENWOOD, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments