1218 Main StTupelo, MS 38804

Property Details for 1218 Main St

Year built

2001

Construction

WOOD

Lot size

1.86 AC

Property size (Sq ft)

22,406 SF

Property type

Retail properties

Property subtype

Retail space

APN

088N-33-145-01

APU

088N3314501

Description

This exceptional 17,000-19,000 square foot commercial land parcel presents a unique investment opportunity in Tupelo, Mississippi. Situated at 1218 E Main St, this single-tenant pad site boasts a coveted location in the Elvis Presley Area, specifically within the East Tupelo submarket cluster. Its zoning is General Commercial, making it suitable for a variety of retail uses. The property's strategic placement adjacent to a thriving Dollar Tree store ensures high visibility and significant foot and vehicle traffic. Further enhancing its appeal is the recent development of a new subdivision directly across the street, featuring homes priced between $450,000 and $600,000, creating a strong residential base for potential customers. This dynamic area is experiencing rapid growth, presenting a compelling opportunity for businesses seeking to capitalize on increased consumer demand and convenient accessibility. The property's size and location make it particularly well-suited for businesses such as drive-thru coffee shops or ATMs, but other retail ventures are also encouraged to consider this exceptional opportunity. Don't miss this chance to establish your business in a thriving Tupelo neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $5,208,390

  6.5%

  $4,807,744

  7%

  $4,464,334

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,109,720

  Geo Method

  $11,013,696

• Alternative Use

  Use

  Valuation

  Residential

  $4,055,512

  Hospitality

  $3,714,828

  Educational

  $3,090,693

  Medical

  $3,196,986

  Retail

  $4,807,744

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2569

Longitude

-88.6786

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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