303 2nd St Booneville, MS 38829-2029
This prime commercial property at 303 S Second St., Booneville, MS, presents a unique investment opportunity. Zoned C-3 Highway Commercial, this 0.3-acre lot boasts a building ideally suited for a variety of uses. Currently generating $500/month in rental income from a salon occupying a partitioned area, the property offers significant upside potential. The building features ample parking, a welcoming lobby, a convenient bathroom, and a small kitchen. Five versatile rooms/offices provide flexibility for retail or office tenants. Its location on busy Highway 145 (S. 2nd St.) ensures high visibility and accessibility, just minutes from Booneville's historic downtown. The property benefits from a roof replacement in 2015 and most HVAC components being less than five years old. The original hardwood floors, awaiting refinishing, promise to add character and charm. A small basement provides valuable storage space. This is a well-maintained property with significant potential for growth and return on investment. The information provided is believed to be accurate but is not guaranteed. Priced at $169,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.