500 Franklin, Natchez, MS 39120
$335,000
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$359,900
List Date:
1/07/2020
Last Modified:
8/18/2025
Description
Great income opportunity in Downtown Natchez. Commercial/Residential Building with five rentable units. THREE apartments that are move in ready. Elevator access to upstairs which has TWO Apartments with 2 bedroom/2 baths each. Downstairs has 1 bed/1 bath apartment facing Commerce (next to Ritz) Could also be an executive office. TWO retail store fronts on Franklin Street. Needs renovations. Great corner location. Historical research indicates building would be approved for a balcony addition.
Supplements: cash sale
More Information MLS# 200760
Address and Location Information
Directions to Property: Corner of Franklin & Commerce
Street Number: 500
Street Name: Franklin
County: Adams
State: MS
Zip Code: 39120
General Property Information
Property Sub Type: Mixed Use
Approx Lot Size Acres: 0
Lot Size Dimensions: 50 X 78
Tax and Financial Information
Tax Annual Amount: 3360.36
Legal Description: B&L#500 FRANKLIN ST 41-111E-1
Remarks & Miscellaneous
Public Remarks: Great income opportunity in Downtown Natchez. Commercial/Residential Building with five rentable units. THREE apartments that are move in ready. Elevator access to upstairs which has TWO Apartments with 2 bedroom/2 baths each. Downstairs has 1 bed/1 bath apartment facing Commerce (next to Ritz) Could also be an executive office. TWO retail store fronts on Franklin Street. Needs renovations. Great corner location. Historical research indicates building would be approved for a balcony addition.
Commercial Features
Elevator(s): 1
Water Source
Public: 1
Listing Terms
Cash: 1
Conventional: 1
Utilities
Natural Gas Connected: 1
Sewer Connected: 1
See Remarks: 1
Flooring
Tile: 1
Wood: 1
Cooling
Central Air: 1
See Remarks: 1
Heating
Central: 1
Natural Gas: 1
See Remarks: 1
Exterior Construction/Siding
Brick: 1
Masonite: 1
Roof
Metal: 1
Exterior Features
Other: 1
Listing Information
Status: Closed
List Date: 2020-01-07
List Price: $359,900
Current Price: $335,000
Property Sub Type: Mixed Use
Status Change Info
Contract Date/Pending Date: 2021-03-31
Closing Date: 2021-04-15
Property Features
Commercial Features: Elevator(s)
Flooring: Tile; Wood
Cooling: Central Air; See Remarks
Heating: Central; Natural Gas; See Remarks
Utilities: Natural Gas Connected; Sewer Connected; See Remarks
Water Source: Public
Listing Terms: Cash; Conventional
Roof: Metal
Exterior Features: Other
Listing Office:
Stedman Ulmer Realty
Listing Agent:
Joe W Stedman
Last Updated: August - 18 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.