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Property profile & analytics
OFF-MARKET
Retail space

119 Ivy St Ellisville, MS 39437-2637

8,458 SF 0.21 ac lot Built 1900
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US50-0551904
Property summary
AI-generated overview

This exceptional 9,630 square foot retail property, located at 119 Ivy St Bldg 2, Ellisville, MS 39437, presents a unique investment opportunity. The building, constructed circa 1900, boasts a captivating blend of historical charm and modern functionality. Its eclectic layout is ideal for a variety of uses, including a flea market, event venue, restaurant, or other retail ventures. The property features high ceilings with exposed beams, showcasing its historical character. A notable feature is the balcony that wraps around four sides of the front section of the building. For ease of access to the second floor, a freight elevator is conveniently located in the rear. Recent improvements include a new silicone roof installed in April 2021, complemented by spray foam insulation. The building's substantial size, ranging from 7,501 to 10,000 square feet, offers ample space for diverse business needs. Explore the numerous nooks and crannies throughout the first and second floors, revealing the building's unique character. This property is available for purchase, and a package deal with MLS#36176 is also an option, offering potential price reductions. The asking price is $415,000. A virtual tour is available online.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 8,458 SF
Lot 0.21 ac (9,120 SF)
APN 077D-03-47-009.00
UPID US50-0551904
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Carpenter Services LLC · 7 yrs held
Carpenter Services LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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