613 Jefferson St Natchez, MS 39120-3319
This exceptional bank-owned mixed-use property in Natchez, Mississippi, presents a rare investment opportunity. The main building, a three-story antebellum structure dating back to the 1790s, boasts a total of 3,744 square feet. The first floor, approximately 2,148 square feet, is ideally suited for restaurant use with seating for approximately 85 patrons. The second floor offers 1,020 square feet of versatile space, while the third floor provides 576 square feet including a bedroom and bathroom. A separate, adjacent building, approximately 1,652 square feet, is believed to have been a grocery store and offers additional development potential. The property sits on a 18,295 square foot lot (160' x 105') with 4 parking spaces and features central air conditioning, a combination heating system, and a wet sprinkler system. The building's exterior is a blend of brick, wood siding, and block construction, with a metal and shake roof. Utilities include natural gas and city water and sewer connections. Located at the northwest corner of Jefferson and Rankin Streets, this property offers significant potential for a variety of uses, capitalizing on its rich history and prime location in Natchez. The property's APN is 41-111d
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
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.