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Property profile & analytics
OFF-MARKET
Retail space

2078 Main St Madison, MS 39110-8353

4,875 SF 0.38 ac lot Built 1947
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US50-0752896
Property summary
AI-generated overview

This exceptional opportunity presents a thriving, established gift shop and registry in the heart of historic downtown Madison, Mississippi. Located at 2078 Main Street, this 6,478 square foot storefront has been a community favorite for nearly two decades, boasting a strong reputation and loyal customer base. The asking price is $950,000, translating to $146.65 per square foot. The business is offered as an owner/user investment, representing a turnkey operation ready for a new owner to step in and continue its success. The property benefits from its prime location, just minutes from Interstate 55 and two blocks from Highway 51, ensuring high visibility and convenient access. Recent improvements include a new concrete parking lot and brick sidewalks, enhancing the overall appeal and functionality of the site. This is a rare chance to acquire a well-established, profitable retail business with significant potential for continued growth in a desirable Mississippi location. The sale includes the business only; real estate is not included in this offering. This is an ideal opportunity for an experienced retailer seeking a proven, successful business model in a vibrant community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Total area 4,875 SF
Lot 0.38 ac (16,553 SF)
APN 072C-08C-089
UPID US50-0752896
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
Current use
Occupant on record · Public records
  • Persnickety (Bike/Boat/Book/etc) 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
by Request
Owner & transaction history
Main Street Madison LLC · 7 yrs held
Main Street Madison LLC
since 2019
6 recorded transactions
2021
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2016
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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