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1420 Washington St Vicksburg, MS 39180

Retail space Google Maps
7,599 SF 0.19 ac lot Built 1950
Individually Owned 8-yr Hold Free & Clear
Estimated value (blended)
$530k
Range $477k – $583k (±10%)
Property ID US50-0604330

Property summary

AI-generated overview

This vacant, 16,100 square foot retail/flex building is situated in the heart of Vicksburg, Mississippi, at the prominent corner of Washington Street and South Street. Currently unoccupied, this property presents a unique redevelopment opportunity for investors and users seeking to capitalize on the ongoing revitalization of downtown Vicksburg. The expansive, mostly open floor plan allows for flexible configuration to suit a variety of uses. The building's location on Washington Street offers excellent visibility and accessibility. Downtown Vicksburg is experiencing a surge in growth, with new restaurants, retail establishments, and condo conversions complementing the area's established historic businesses. This presents a compelling investment prospect for those looking to be part of a thriving urban core. The property's size and central location make it ideal for a wide range of commercial ventures. This is a chance to acquire a significant footprint in a dynamic and improving downtown area. The building is available for immediate occupancy, allowing for swift implementation of redevelopment plans. Serious inquiries are encouraged to explore the potential of this exceptional property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 7,599 SF
Lot 0.19 ac (8,252 SF)
APN 094-P -19 -0010-61-0048.00
UPID US50-0604330

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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