For Lease
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Property summary
This 3,111 square foot retail building, situated on a 0.79-acre lot in Tupelo, Mississippi, presents a unique investment opportunity. Built in 2000 and renovated in 2023, the single-story structure boasts a brick and masonry exterior with an enamel metal hip roof. The building features a spacious layout including a large showroom/eating area, a fully equipped kitchen with a vent-a-hood and pizza oven, and two ADA-compliant restrooms. Additional amenities include a cooler room, water fountain, and ample natural light from three sides of windows. The interior finishes include sheetrock walls, 9-foot suspended ceilings, and a combination of carpet and quarried tile flooring. The property includes 42 parking spaces, a front and side sidewalk, a side canopy, and a drive-through window. The building is well-maintained and landscaped, featuring a lighted street-side pole sign. Located on a five-lane arterial street with approximately 22,000 vehicles passing daily, this property benefits from high visibility and accessibility. Its proximity to a Walmart Supercenter further enhances its desirability. The property is zoned for mixed-use commercial, allowing for flexibility in future uses, such as office or retail space. The annual property taxes were $12,773.42, with a cost per square foot of $4.11. City 3-phase power is available. The building is currently vacant and ready for immediate occupancy. Owner will consider offers.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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