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Investment Highlights

  • Incredible location with 5-way traffic light and large frontage
  • Main retail corridor with high traffic count
  • Retail & popular restaurants all around this location

Executive Summary

THE most desired retail location in Alcorn County/Corinth, Mississippi! Direct frontage on busy State Highway 72 East and features the benefit of a 5-way traffic light for easy access and visibility. 25k +- daily traffic count. Total square footage 30665+-. Outstanding frontage display lot with up to 300 parking spaces. Recently renovated in 2013 to manufacturer specs including a 110 foot wide showroom display area. ADA compliant. 6 offices (including a private Owners office with a half bathroom) attached to the showroom area. Large meeting room as well. Business office includes interior private office for Comptroller as well as room for 3 cubicles and a cashiers area. Customer waiting area for up to 20 people and also features room to display a vehicle. His and hers restrooms (ADA compliant)located in waiting area as well an Employee break room with sink/faucet. Expansive technician shop has room for 18 work bays. Additional detail/clean up area can hold 3 vehicles as well as other attached shop area with room for 2-3 vehicles. Parts department room has more than ample room for inventory storage of parts and accessories. All areas air conditioned with exception of the mechanical shop areas.
This property has many outstanding possibilities due to its prime highway frontage and location. Think outside the box! RV sales and service superstore, Used car super center, manufactured home sales center, storage or mini storage, hotel/motel, heavy equipment or implement sales center, gym, personal services, truck stop, house of worship, flooring sales, bargain bins, etc. Due to its frontage you may wish to sub-divide the frontage for a strip mall or other retail stores.
PLEASE READ CAREFULLY:
Current monthly lease income is $24,000. ($288,000 yearly). Triple net lease. Possible continuation of lease to be determined and negotiated by the new property owner and Tenant. After sale is closed Tenant will have a 90 day period to completely exit the premises.
PLEASE READ CAREFULLY PART 2:
Sale includes property and building only. Does NOT include furniture, fixtures, equipment, signage, inventories, franchise agreements, or any automobile business.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
26,703 SF
Building Class
C
Year Built/Renovated
1977/2013
Price
$5,511,870 CAD
Price Per SF
$206.41 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
4.00 AC
Opportunity Zone
Yes
Zoning
C-2 - C2 Commercial
Parking
300 Spaces (11.23 Spaces per 1,000 SF Leased)
Frontage
178’ on Highway 72 East

Amenities

  • Corner Lot
  • Fenced Lot
  • Freeway Visibility
  • Signalized Intersection
  • Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
Krystal
Zaxby's
McAlister's Deli
Cadence Bank
Renasant Bank
1st Heritage Credit
Checkers
CB&S Bank

Property Taxes

Property Taxes

Parcel Number
0903-07-3-01800
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$146,418 CAD
  • Listing ID: 39926787

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 813 S Parkway St, Corinth, MS 38834

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