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105 E Main St
Tupelo, MS 38804

Leake and Goodlett Project · Land For Sale · 2.94 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Restaurant
Total Lot Size 2.94 AC

Description

This iconic Tupelo landmark, located in a Tax Opportunity Zone, is ideal for many different types of commercial development projects based on its location (CBD, hot development area), zoning district, and existing infrastructure advantages: which include a public parking lot bordering the property's west boundary, and roadway infrastructure on the other 3 property lines. The zoning standard for this area allows for minimal setbacks among other features intended to encourage higher density. mixed-use development including retail / restaurant, residential, and office uses; and serves to preserve the pedestrian-oriented focus of the area. The City of Tupelo has invested heavily in this area so that developers can be comfortable that protecting property values, and creating a viable area are, at least in part, the City's plan. Included on the property is a landmark building (6,500 +/-) featuring historical 1950's construction, and columned porch which have become recognizable to any visitor to the area. Lots of Tupelo history in this area, and all tax incentives for refurbishment should be in play. Tupelo's highly successful urban-renewal project, The Fairpark District, is located directly across Main Street from this property. Immediately to the west of this property lies a large public parking area which spans the length of the site. To the east of the property lies the popular BancorpSouth Arena which is a constant stop for music's biggest acts, and a host of other entertaining traveling squads. All municipal utilities available to the site. Construction has just been completed on Century Towers, a multi-level Class A office building, and is 90%+ occupied

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 089K-31-330-00
  • 089L-32-036-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$656,549

zoning

Zoning Code Mixed-Use Downtown
Mixed-Use Downtown
  • Listing ID: 14608377

  • Date on Market: 2018-12-11

  • Last Updated:

  • Address: 105 E Main St, Tupelo, MS 38804

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