220 Howard StGreenwood, MS 38930

  • Commercial real estate
  • 5,447 SF
For Sale
$300,000 View listing

Property Details for 220 Howard St

Year built
1910
Lot size
0.09 AC
Property size (Sq ft)
5,447 SF
Property type
Commercial real estate
APN
8510032601500
APU
8510032601500

Description

This exceptional two-story commercial building, located at 220 Howard Street in Greenwood, Mississippi, presents a unique investment opportunity. Spanning 7,548 square feet on a 0.09-acre lot, this property boasts a prime location in the heart of Greenwood's historic downtown district. The building currently features two separate retail spaces on the ground floor, each currently leased on a month-to-month basis, offering immediate rental income potential. The new owner has the flexibility to retain existing tenants or pursue new leasing opportunities. Upstairs, a spacious apartment with brand new windows provides residential potential, a highly sought-after commodity in the vibrant downtown area. The apartment offers the possibility of expansion into additional living spaces. This contributing building to the Greenwood Downtown Historic District retains its historic charm, showcasing architectural details such as tall ceilings, a modern glass storefront with a canvas awning, metal and glass display windows, and preserved historic cast-iron posts. Its proximity to the Alluvian Hotel, Viking Cooking School and Retail Store, boutique shops, and banks ensures high visibility and foot traffic. Priced at $300,000, this well-maintained property offers a blend of retail income, residential appeal, and historic significance, making it an ideal investment for those seeking a piece of Greenwood's thriving downtown scene.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $898,324
    Hospitality
    $822,860
    Educational
    $684,610
    Medical
    $708,155
    Retail
    $1,064,949

Location Insight

City
Greenwood
County
Leflore
State
Mississippi
Latitude
33.5198
Longitude
-90.1826
CBSA code
24900
CBSA name
GREENWOOD, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,621
$3,618
$11,321
$14,939
-
$24,120
$75,473
$99,593

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