2078 Main StMadison, MS 39110

Property Details for 2078 Main St

Year built

1947

Lot size

0.38 AC

Property size (Sq ft)

4,875 SF

Property type

Retail space

APN

072C-08C-089

APU

072C08C089

Description

This exceptional opportunity presents a thriving, established gift shop and registry in the heart of historic downtown Madison, Mississippi. Located at 2078 Main Street, this 6,478 square foot storefront has been a community favorite for nearly two decades, boasting a strong reputation and loyal customer base. The asking price is $950,000, translating to $146.65 per square foot. The business is offered as an owner/user investment, representing a turnkey operation ready for a new owner to step in and continue its success. The property benefits from its prime location, just minutes from Interstate 55 and two blocks from Highway 51, ensuring high visibility and convenient access. Recent improvements include a new concrete parking lot and brick sidewalks, enhancing the overall appeal and functionality of the site. This is a rare chance to acquire a well-established, profitable retail business with significant potential for continued growth in a desirable Mississippi location. The sale includes the business only; real estate is not included in this offering. This is an ideal opportunity for an experienced retailer seeking a proven, successful business model in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,032,543

  6.5%

  $953,117

  7%

  $885,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $937,111

  Geo Method

  $2,396,312

• Alternative Use

  Use

  Valuation

  Residential

  $803,990

  Hospitality

  $736,450

  Educational

  $612,718

  Medical

  $633,790

  Retail

  $953,117

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.4622

Longitude

-90.1161

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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