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Property profile & analytics
FOR SALE
Retail space

211 W Park Ave Greenwood, MS 38930

8,397 SF 0.44 ac lot Built 1946
Individually Owned Absentee Owner Free & Clear
Property ID
US50-1142549
Property summary
AI-generated overview

This exceptional 8,396 square foot retail property, located at 211 W Park Avenue in Greenwood, MS, presents a rare investment opportunity. Situated on a 0.44-acre lot in a highly sought-after commercial area, this building currently generates income as a leased daycare center. The property offers significant upside potential with additional leasable space, making it ideal for investors seeking a strong return. The building's prime location on Park Avenue ensures high visibility and accessibility for businesses. This property is perfectly positioned to capitalize on the thriving commercial activity in the area. Its current occupancy provides immediate cash flow, while the available additional space allows for expansion or the addition of complementary businesses. The asking price of $349,500 represents a compelling value for a property of this caliber in such a desirable location. This is an exceptional opportunity for both investors and business owners seeking a turnkey operation or a strategic expansion. The property's size and location make it suitable for a variety of commercial uses, offering flexibility and potential for long-term growth. Don't miss this chance to acquire a prime commercial property in a thriving Greenwood, MS market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 8,397 SF
Lot 0.44 ac (19,000 SF)
APN 8509010400200
UPID US50-1142549
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
$660k
Owner & transaction history
PEGGY F SLATTEN
PEGGY F SLATTEN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $985,000 +39.4%
Office building $955,000 +35.6%
Commercial (general) $825,000 +17.3%
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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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