1426 Main StTupelo, MS 38804

Property Details for 1426 Main St

Year built

1987

Lot size

0.29 AC

Property size (Sq ft)

5,432 SF

Property type

Retail properties

Property subtype

Retail space

APN

088P-33-002-03

APU

088P3300203

Description

This exceptional commercial property, situated at 1426 E Main St., Tupelo, MS, presents a unique investment opportunity. Currently operating as a successful tire store, this 0.34-acre lot offers immense potential for a variety of businesses. The building features five spacious bays equipped with overhead doors, perfect for a mechanic shop or similar operation. An additional bay in the rear, complete with a covered area, provides extra storage or workspace. The property also includes a heated and cooled office space, ideal for administrative tasks or client interaction. Its prime location on Main Street ensures high visibility and easy access for customers. The property's proximity to Highway 45 and Interstate 22 provides excellent connectivity to the wider region, enhancing its appeal to both local and regional clientele. The existing infrastructure and established business history minimize start-up costs and risks, making this an attractive proposition for entrepreneurs seeking a turnkey operation. A lease option is also available for those interested in exploring alternative ownership structures. This is a rare opportunity to acquire a well-established commercial property in a thriving Tupelo location. Don't miss out on this chance to own a piece of Main Street. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,300,415

  6.5%

  $1,200,383

  7%

  $1,114,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $996,338

  Geo Method

  $2,670,106

• Alternative Use

  Use

  Valuation

  Residential

  $1,012,568

  Hospitality

  $927,507

  Educational

  $771,675

  Medical

  $798,214

  Retail

  $1,200,383

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2572

Longitude

-88.6751

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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