654 Main StTupelo, MS 38804

Property Details for 654 Main St

Year built

1938

Lot size

0.15 AC

Property size (Sq ft)

2,605 SF

Property type

Retail space

APN

089J-31-284-00

APU

089J3128400

Description

This attractive Tupelo commercial property, located at 654 W Main Street, presents a fantastic investment opportunity. The building boasts a charming exterior of gorgeous stone brick and offers versatile interior space ideal for a variety of commercial uses. Currently configured with three or four separate office spaces, a dedicated conference room, and a well-equipped kitchen area, the property is ready for immediate occupancy. A full bathroom conveniently serves the office spaces. Adding to its appeal is a spacious two-bedroom, one-bathroom apartment, providing additional income potential or housing for on-site staff. The property sits on a 0.12-acre lot, offering ample space for parking and potential future expansion. The building has undergone a complete update, ensuring modern functionality and aesthetics. While all information is believed to be accurate, it is not guaranteed. This property is priced competitively at $249,900 and represents a rare chance to acquire a well-maintained, multi-use commercial building in a desirable Tupelo location. Serious inquiries are encouraged to explore this exceptional opportunity further. The square footage is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $605,538

  6.5%

  $558,958

  7%

  $519,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,820

  Geo Method

  $1,280,491

• Alternative Use

  Use

  Valuation

  Residential

  $471,502

  Hospitality

  $431,893

  Educational

  $359,330

  Medical

  $371,688

  Retail

  $558,958

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2575

Longitude

-88.7137

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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