209 Court StTupelo, MS 38804

Property Details for 209 Court St

Year built

1925

Lot size

0.03 AC

Property size (Sq ft)

1,071 SF

Property type

Office buildings

APN

089K-31-305-00

APU

089K3130500

Description

This exceptional commercial property, encompassing 209 & 211 Court Street in the heart of Tupelo, Mississippi, presents a unique investment opportunity. The property consists of four suites, two on each floor. The ground floor suites, previously used as a restaurant, are currently available for lease. The upper-level suites are currently leased as office spaces. The sale is contingent upon the existing leases. This charming downtown location boasts high ceilings, large windows that flood the space with natural light, and attractive architectural details including exposed brick, plaster walls, and hardwood floors. The building's mixed-use zoning allows for a variety of potential uses, making it an ideal investment for both established businesses and entrepreneurs. The property's prime location in the vibrant downtown area offers excellent visibility and accessibility. While the exact square footage is not currently available, the building's substantial size and desirable features make it a compelling investment prospect. All information provided is believed to be accurate but should be independently verified. The asking price for this exceptional property is $995,000. This is a rare opportunity to acquire a well-situated commercial property in a thriving Mississippi city.

• CAP approach

  CAP return

  Valuation

  6%

  $169,358

  6.5%

  $156,331

  7%

  $145,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $77,955

  Geo Method

  $208,909

• Alternative Use

  Use

  Valuation

  Residential

  $193,850

  Hospitality

  $177,566

  Educational

  $147,733

  Medical

  $152,813

  Retail

  $229,806

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2581

Longitude

-88.7049

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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