Property profile

211 W Park Ave Greenwood, MS 38930

FOR SALE
Retail space
Property ID
US50-1142549
8,397 SF 0.44 ac lot Built 1946
Individually Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Loan Service

Location

211 W Park Ave Greenwood, MS 38930
Greenwood metro Census 950600 GREENWOOD, MS MICROPOLITAN STATISTICAL AREA
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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

Zoning & alternative use

Top alternative use upside
Restaurant $985,000 +39.4%
Office building $955,000 +35.6%
Commercial (general) $825,000 +17.3%

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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