417 - 431 West Main Professional Building - 417-431 West Main Street, Tupelo, MS 38804
For Sale
For Sale
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Year Built
1945
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Total Building Size
54,400 RSF
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Overview
Located on Main Street at a signalized intersection in the central business district in Tupelo MS. Property is bordered on 3 sides with public roads and sidewalks, and is one of the few downtown Tupelo properties with a large private parking lot. Adjacent street parking is also available Multi-level, professional office building stabilized with a strong tenant mix. The roster includes professionals from architecture, construction, & engineering; governmental services (GSA), and legal & financial industries (rent roll included), and is anchored by First American National Bank. All typical CDB occupants including legal services of all kinds, four major banks, many restaurants, and diverse retail shopping can all be found within 1 mile of the property. Residential neighborhoods of various price points lay immediately on the borders of the CBD, surrounding the area. The current rent rates for the tenancy is considered mid-range for the market, which could result in a value-add play for the investor. The building is generally considered to be a landmark in the marketplace. Current NOI = $311,835 with mostly mod gross leases. Profit / Loss Statement included. Occupancy typically varies between 92% - 95%
For Lease
Single Office
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Time on Market
over 4 years
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Space ID
1884299
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Presented By
TRI INC/REALTORSCLAY SHORT
Suite 320
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Time on Market
over 4 years
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Space ID
1884298
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Presented By
TRI INC/REALTORSCLAY SHORT
Suite 112
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Time on Market
over 4 years
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Space ID
1884297
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Presented By
TRI INC/REALTORSCLAY SHORT
Suite 410
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Divisible to
1,200 sq. ft.
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Time on Market
over 4 years
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Space ID
1842462
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Presented By
TRI INC/REALTORSCLAY SHORT
Property Details
Located on Main Street at a signalized intersection in the central business district in Tupelo MS. Property is bordered on 3 sides with public roads and sidewalks, and is one of the few downtown Tupelo properties with a large private parking lot. Adjacent street parking is also available Multi-level, professional office building stabilized with a strong tenant mix. The roster includes professionals from architecture, construction, & engineering; governmental services (GSA), and legal & financial industries (rent roll included), and is anchored by First American National Bank. All typical CDB occupants including legal services of all kinds, four major banks, many restaurants, and diverse retail shopping can all be found within 1 mile of the property. Residential neighborhoods of various price points lay immediately on the borders of the CBD, surrounding the area. The current rent rates for the tenancy is considered mid-range for the market, which could result in a value-add play for the investor. The building is generally considered to be a landmark in the marketplace. Current NOI = $311,835 with mostly mod gross leases. Profit / Loss Statement included. Occupancy typically varies between 92% - 95%
- Property TypeOffice
- Year Built1945
- Sale Price$4,797,400
- Total Building Size54,400RSF
- Total Acres2.5
- Total Available4,400RSF
- Largest Contiguous1,600RSF
- Building ClassB
- Sale StatusAvailable
- Property ID2102250