203 Commerce St Tupelo, MS 38804

This exceptional commercial property, located at 203 Commerce St in Tupelo, MS 38804, presents a unique investment opportunity. The property encompasses two buildings totaling 5,669 square feet on a single lot, offering a thriving restaurant (2,936 sq ft) and a versatile meeting/party venue (2,733 sq ft). Both buildings underwent renovations in 2017, ensuring modern functionality and aesthetics. The property boasts a private parking lot with 32 spaces, supplemented by ample public parking nearby. Its prime location in the Tupelo Central Business District offers unparalleled visibility and accessibility. Situated directly across from the Cadence Arena and Conference Center, a major event venue attracting 8,000-10,000 attendees for various events, this property benefits from high foot traffic and significant exposure. The property is also conveniently located within a quarter-mile of US Hwy 45, ensuring easy access for customers from throughout the state and beyond. The surrounding area is pedestrian-friendly, featuring a mix of professional offices, restaurants, retailers, and residential developments. The property is zoned MUD and was built in 1975. The asking price is $950,000, translating to $167.58 per square foot. This turnkey operation has a long and successful history as a landmark Tupelo business, offering immediate income potential and significant upside for a savvy investor.