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Property profile & analytics
FOR SALE
Retail space

121 Front St Forest, MS 39074

7,423 SF
Property ID
US50-Q026001
Property summary
AI-generated overview

This property is situated one block south of the Scott County Courthouse at the corner of South Main Street and Front Street. This historic building retains all the charm of the past with exposed brick and heart of pine beams and flooring while providing modern amenities for a variety of commercial uses. Situated on a lot that is comprised of 0.67 acres, the property is improved with 2 adjoining buildings. The east building is currently tenant occupied with one unit being used as a salon and the remaining area being used as a special events venue specializing in wedding receptions and personal gatherings. The building would be ideal for commercial, retail or restaurant use. It currently contains 2 reception areas, private offices, storage, restrooms and a kitchen. There are multiple electrical meters on the property and the buildings could be easily divided into multiple commercial units. The main building, built in 1923, is comprised of nearly 6, 800 square feet of interior space that was meticulously restored just a few years ago. Adjoining the main building is a metal warehouse that was built in 1967 and would be ideal for inventory storage or could be modified into a huge gathering place or light industrial opportunity. The western portion of the property is enclosed by a security fence and contains over 6, 000 square feet of fenced storage area. This property is across the street from 2 small city parks and is situated within a pedestrian-friendly downtown area that is seeing dramatic restoration with retail, office and residential space. The City of Forest is located close to the geographic center of Mississippi in the heart of the Bienville National Forest and is 35 minutes for Jackson Medgar Evers International Airport and 40 minutes from downtown Meridian.

Property profile
Verified
Property type Retail space
Total area 7,423 SF
UPID US50-Q026001
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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