417 - 431 West Main Professional Building

For Sale

417-431 West Main Street, Tupelo, MS 38804

This Tupelo property for sale is located at 417-431 West Main Street. The general use of 417 - 431 West Main Professional Building is office and it incorporates 54,400 square feet of class B office space. The current listed sale price for 417 - 431 West Main Professional Building is $4,797,400. 417 - 431 West Main Professional Building is situated on a lot that is 2.5 acre in size.

Contacts

broker
Clay Short

TRI Inc. CRE

Property Details

  • Property Type Office - General Office
  • Property Size 54,400 SF
  • Lot Size 2.5 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 110
  • Parking Ratio 2.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1945
  • Year Renovated 2020
  • Date Updated Dec 11, 2024
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 availableMulti-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%Various spaces available in this professional building which is stabilized by its strong tenant mix. The roster includes professionals from architecture, construction, & engineering; governmental services (GSA), and legal & financial industries. The building is anchored by First American National Bank. This space is modernized, and well-designed. A full-service post office, four major banks, many restaurants and diverse retail shopping are within close proximity of this property. The parking lot is one of few private lots in the CBD. Finish-to-suit and TIA is available for strong prospects.
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Location

  • City Tupelo, MS
  • Zip Code 38804

Points of Interest

  • Walmart

    0.48 miles

  • Kroger

    0.56 miles

  • Phillips 66

    0.57 miles

  • Texaco

    0.71 miles

  • Chevron

    0.89 miles

  • Murphy Express

    1.88 miles

  • Dodges Store

    1.94 miles

  • Dodge's Store

    1.95 miles

  • ExpressShop

    2.00 miles

  • Tesla Supercharger

    3.78 miles

  • Loves' # 398 - Tupelo

    6.32 miles

  • Hotel Tupelo

    0.45 miles

  • Hilton Garden Inn Tupelo

    0.46 miles

  • Scottish Inn

    0.57 miles

  • Economy Inn

    0.81 miles

  • All American Inn Tupelo

    0.99 miles

  • Clarion Inn and Summit Center

    1.02 miles

  • Travelers Motel

    1.04 miles

  • Rodeway Inn & Suites Tupelo

    1.06 miles

  • Holiday Inn Hotel & Suites Tupelo North

    1.09 miles

  • Candlewood Suites Tupelo North

    1.15 miles

  • Walmart Neighborhood Market

    0.41 miles

  • Kroger

    0.65 miles

  • Todd's Bigstar

    1.29 miles

  • Walmart Supercenter

    1.92 miles

  • Barnes Crossing Mall

    3.55 miles

  • Mall at Barnes Crossing

    3.57 miles

  • Ross

    3.80 miles

  • Kohl's

    3.84 miles

  • ALDI

    3.91 miles

  • Brooks Grocery

    4.10 miles

In-Depth Research Available for this Property

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Contact Listing Broker
broker
Clay Short

TRI Inc. CRE