111 Spring St Tupelo, MS 38804
- Retail space
- 2,402 SF
Current Use by Public Records
- Tupelo 2 Go / Delivery Service
- Arise Psychiatry / Mental Health Service
- Ruth Bibeau / Nurse Practitioner
Property Details for 111 Spring St
- Year built
- 1900
- Property size
- 2,402 SF
- Property type
- Retail space
- APN
- 089K-31-314-00
- APU
- 089K3131400
Description
This exceptional office space, located in Tupelo's historic downtown central business district, offers flexible lease options. Situated above the renowned Reed's Department Store, this Class B building boasts 5,525 square feet, divisible into 2,300 or 3,225 square foot suites, or leased as a whole. The property, built in 1920 and renovated in 2000, is a two-story landmark. The asking rent is a competitive $16.00 per square foot annually, modified gross. Landlords are willing to offer tenant improvement allowances for qualified tenants. Parking is shared public, typical for the area. The building enjoys a prime location surrounded by a vibrant mix of restaurants, retailers, and other professional offices, including prominent businesses such as Cadence and Renasant banks, Vanelli's Deli, and the Mitchell McNutt and Sams law firm. This presents a unique opportunity for businesses seeking high-visibility, modestly-priced office space in a thriving downtown environment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.7047
- Latitude
- 34.258
- CBSA code
- 46180
- CBSA name
- TUPELO, MS MICROPOLITAN STATISTICAL AREA
