Retail Space with Loft Apartments

Retail-Commercial for Sale
Catylist Listing ID: 30050770
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 7,204 SF
Gross Land Area: 4,200 SF
Sale Price: $598,500
Unit Price: $83.08 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Historic Adeline Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 9/3/2019

Overview / Comments

Beautifully renovated building located in Historic downtown Greenwood directly across the street from the Alluvian Hotel and Giardina Restaurant and adjacent to a beautiful antique store and the popular Alluvian Spa and Viking Retail and Cooking School.

Space is perfect for retail, hospitality and so much more! Two beautiful furnished loft apartments are on the second level above. These apartments are stunning complete with Viking appliances, luxurious bathrooms, elevator and separate coded Howard Street access.

The apartments are already rented and real estate for loft apartments is in high demand. Lofts in Greenwood stay occupied and are snatched up right away when they become available! All spaces, including first floor retail, are leased. First floor is leased to a boutique!

Attachments & Media

Current Tenants

Is Renting? Yes

Additional Details

Nearest MSA: Greenwood
County: Leflore
Taxing Authority: Leflore County
Tax ID/APN: 2016-2299-0
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Church Street and Washington Street
Property Visibility: Excellent
Feet of Frontage: 30
Highway Access: Nearby Highway 82 and Highway 7
Airports: Greenwood Leflore Municipal
Area Description: Located in beautiful downtown Greenwood, in the Central Commercial and Railroad Historic District, listed on the National Register of Historic Places, across from The Alluvian Hotel and shares the block with the Viking Cooking School and store, and the Alluvian Spa.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1905
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: J.Kantor, The Adeline Building). Two-story, two-bay brick commercial building divided into two bays by pilasters supporting a full molded entablature with dentiled cornice; each second-story bay is filled with paired, transomed windows divided by a pilaster and filled with one-over-one,double-hung sash;first-story is altered by modern facade covering and glass storefront. By1918. A contributing structure in the Historic District.
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: Private parking lot behind building and street parking
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: ISDN, Other
Interior Description: Completely renovated, Property is complete with 2 beautiful loft apartments on the second level with private stairway entrance and elevator. These apartments are stunning with Viking appliances and luxurious bathrooms! The apartments are rented and real estate for loft apartments is in high demand. Lofts in Greenwood stay occupied and are snatched up right away when they come available!. 1st floor retail space is leased to a ladies boutique and gift shop.
Zoning Description: Mixed Use
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 30' off North End Lots 9 & 11 30' N & S x 40' E & W in NW Corner Lot 12 Desc in DB46

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,090 22,682 23,683
Median Age: 33.29 34.09 34.65
Households: 3,650 8,348 8,727


Photograph of Listing Agent

Pam Powers

Powers Properties Oxford, MS 38655
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