305 W Market St - Office/Residential FOR SALE


Greenwood, MS 38930
$950,000 USD
601-831-4505
305 W Market St, Greenwood, MS for Sale
$950,000 USD
Office/Residential - FOR SALE
1/13
null | Request Cap Rate

305 W Market St
Greenwood, MS 38930


HIGHLIGHTS

  • Across from the courthouse
  • High visibility
  • Close to restaurants and shopping
  • Walkable

OVERVIEW

An historic building in downtown Greenwood, MS, within the historic district, a well-preserved, early 20th-century structure. Imagine a two or three-story brick building with classic architectural details. The facade is grand yet understated, showcasing the craftsmanship of the era, with large windows that invite natural light into the interior. The building could have a blend of retail spaces on the ground floor, suitable for boutiques, restaurants, and cafes, while the upper floors could be converted into luxury apartments. These apartments would feature high ceilings and modern amenities, blending historic charm with contemporary living. The building's location within the desirable area of downtown Greenwood, directly across from the Courthouse and convenient to restaurants, banks, professional offices and a vital downtown, makes it an attractive option for businesses and residents alike, contributing to the revitalization of the district. It would qualify for historic tax credits, helping to offset renovation costs while preserving its architectural integrity. Given its prime location and historical significance, the owner will lease back portions of the building, for his attorney offices, ensuring that it remains a thriving part of Greenwood's historic fabric. The space housing a former restaurant has been leased for a new restaurant. This blend of commercial and residential use would make it a cornerstone of the community's continued growth and development. The restaurant space is recently leased and in the process of renovation.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

R&D, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,159 SF

ZONING

C-2

APN/PARCEL ID

08510032500100

ASK ABOUT THIS PROPERTY

Pam PowersPowers Properties, LLCMore Info
601-831-4505

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Pam PowersPowers Properties, LLCMore Info
601-831-4505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.