1238 Main St Tupelo, MS 38801-3436
This exceptional commercial property, located at 1238 W Main St., Tupelo, MS, presents a unique investment opportunity. The 2300 square foot building currently features a flexible layout, divided into two distinct sides, but easily adaptable into a single, cohesive space. This allows for a variety of uses, catering to diverse business needs. The property sits on a 0.23-acre lot, providing ample space for potential expansion or outdoor amenities. Two bathrooms are currently under construction, adding to the property's functionality and appeal. A key advantage is its strategic location, boasting high visibility and accessibility. The Mississippi Department of Transportation (MDOT) reports an Annual Daily Traffic (ADT) of 20,000 vehicles at the nearest site (#410540), indicating significant foot and vehicle traffic, ideal for businesses seeking high exposure. This translates to substantial potential for customer reach and business growth. The asking price for this well-positioned commercial building is $325,000. Don't miss this chance to acquire a versatile and strategically located property in a thriving Tupelo market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.