641 Highway 1 South, Greenville, MS for sale

Investment Overview

Introducing a retail investment opportunity at 633-645 Highway 1 S. This property spans 31,503 square feet and is anchored by three tenants: Beauty Supply, Nail Pro, and Government Services. Currently 72% occupied with 8,742 SF available for lease at below-market rents. The shopping center is strategically located along a key commercial corridor, ensuring visibility and accessibility. With its diverse tenant mix and prime location, the property is well-positioned to generate consistent customer traffic and deliver strong investment returns.

Investment Highlights

• Anchored by three tenants: Beauty Supply, Nail Pro, and Govt Services
• 72% Occupied
• Multiple retailers located nearby including: Pizza Hut, Old Miss, River City Furniture, and Walgreens
• Value-Add Opportunity: 8,742 SF of vacant space (Suites 641 and 645) available at attractive, below-market gross rents
• Sale Price: $1,450,000
• Stabilized NOI: $159,869
• In-Place NOI: $88,101