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Property profile & analytics
OFF-MARKET
Turn key restaurants

613 Jefferson St Natchez, MS 39120-3319

2,716 SF Built 1789
Entity Owned Free & Clear
Property ID
US50-0703259
Property summary
AI-generated overview

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

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1789
Total area 2,716 SF
APN 0008 0011 0010
UPID US50-0703259
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
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
CONCORDIA BANK & TRUST COMPANY
CONCORDIA BANK & TRUST COMPANY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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