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Property profile & analytics
OFF-MARKET
Retail space

601 Main St Greenwood, MS 38930-5523

2,392 SF 0.02 ac lot Built 1935
Individually Owned Free & Clear
Property ID
US50-1551585
Property summary
AI-generated overview

This exceptional 2,352 square foot commercial building, situated on a 0.12-acre lot at the bustling intersection of Main and Johnson Streets in historic downtown Greenwood, MS, presents endless possibilities. Previously used as an entertainment venue, this property boasts a high-traffic location directly across from Rail Spike Park and the Greenwood Farmer's Market, ensuring maximum exposure. While the windows have been modified for previous use, numerous existing frames allow for the installation of new glass, dramatically improving natural light and visibility. The City of Greenwood offers a facade grant program, which may be applicable to this property. The interior features a painted concrete floor, a built-in counter/bar area, two restrooms, a small kitchen, and four convenient entrance/exit doors. The building's versatility allows for a wide range of uses, including but not limited to: entertainment venue, restaurant, retail space, or office space. A grassy area adjacent to the building offers additional outdoor space, ideal for outdoor dining or a playground. Across the street, a concrete walking trail and benches provide further community amenities. This property represents a unique opportunity to establish a thriving business in a vibrant and growing downtown area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 2,392 SF
Lot 0.02 ac (800 SF)
APN 10015015200100
UPID US50-1551585
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
by Request
Owner & transaction history
LARRY JOHNSON
LARRY JOHNSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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