1420 Washington StVicksburg, MS 39180

Property Details for 1420 Washington St

Year built

1950

Lot size

0.19 AC

Property size (Sq ft)

7,599 SF

Property type

Retail properties

Property subtype

Retail space

APN

094-P -19 -0010-61-0048.00

APU

094P19001061004800

Description

This vacant, 16,100 square foot retail/flex building is situated in the heart of Vicksburg, Mississippi, at the prominent corner of Washington Street and South Street. Currently unoccupied, this property presents a unique redevelopment opportunity for investors and users seeking to capitalize on the ongoing revitalization of downtown Vicksburg. The expansive, mostly open floor plan allows for flexible configuration to suit a variety of uses. The building's location on Washington Street offers excellent visibility and accessibility. Downtown Vicksburg is experiencing a surge in growth, with new restaurants, retail establishments, and condo conversions complementing the area's established historic businesses. This presents a compelling investment prospect for those looking to be part of a thriving urban core. The property's size and central location make it ideal for a wide range of commercial ventures. This is a chance to acquire a significant footprint in a dynamic and improving downtown area. The building is available for immediate occupancy, allowing for swift implementation of redevelopment plans. Serious inquiries are encouraged to explore the potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,773,333

  6.5%

  $1,636,923

  7%

  $1,520,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,460,739

  Geo Method

  $1,492,894

• Alternative Use

  Use

  Valuation

  Residential

  $1,380,806

  Hospitality

  $1,264,811

  Educational

  $1,052,308

  Medical

  $1,088,498

  Retail

  $1,636,923

Location Insight

City

Vicksburg

County

Warren

State

Mississippi

Latitude

32.3484

Longitude

-90.8828

CBSA code

46980

CBSA name

VICKSBURG, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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