500 Franklin, Natchez, MS 39120 (MLS# 200760)

500 Franklin, Natchez, MS 39120

$335,000

Virtual Tour

http://youtu.be/yO6tIW2OFDY

Property Type: Commercial Sale Status: Closed

Current Price: $335,000 List Date: 1/07/2020 Last Modified: 8/18/2025

Overview

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

Listing Details MLS# 200760

General Property Information

Lot Size Dimensions: 50 X 78
Property Sub Type: Mixed Use
Approx Lot Size Acres: 0

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

Address and Location Information

Street Number: 500
Street Name: Franklin
County: Adams
State: MS
Zip Code: 39120
Directions to Property: Corner of Franklin & Commerce

Listing Information

Property Sub Type: Mixed Use

Tax and Financial Information

Tax Annual Amount: 3360.36
Legal Description: B&L#500 FRANKLIN ST 41-111E-1

Status Change Info

Contract Date/Pending Date: 2021-03-31
Closing Date: 2021-04-15

More Information

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): Yes

Water Source

Public: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Utilities

Natural Gas Connected: Yes
Sewer Connected: Yes
See Remarks: Yes

Flooring

Tile: Yes
Wood: Yes

Cooling

Central Air: Yes
See Remarks: Yes

Heating

Central: Yes
Natural Gas: Yes
See Remarks: Yes

Exterior Construction/Siding

Brick: Yes
Masonite: Yes

Roof

Metal: Yes

Exterior Features

Other: Yes

Listing Office: Stedman Ulmer Properties

Listing Agent: Joe W Stedman

Last Updated: August - 18 - 2025

500 Franklin, Natchez, MS 39120 (MLS# 200760)