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Property profile & analytics
OFF-MARKET
Retail space

1238 Main St Tupelo, MS 38801-3436

2,162 SF Built 1960
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US50-0546647
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction WOOD
Total area 2,162 SF
APN 077R-36-003-01
UPID US50-0546647
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
Hope Transportation · 2 yrs held
Hope Transportation
since 2024
4 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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