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305 W Market Street, Greenwood, MS 38930 (MLS# 4090229)

305 W Market Street, Greenwood, MS 38930

$1,150,000
Property Type: Commercial Sale Square Footage: 24,255 Lot Size (sq. ft.): 15,246 Status: Active
Current Price: $1,150,000 List Date: 9/08/2025 Last Modified: 9/08/2025

Description

An historic building in downtown Greenwood, MS, within the historic district, a well-preserved, early 20th-century structure. Imagine a two or three-story brick building with classic architectural details. The façade is grand yet understated, showcasing the craftsmanship of the era, with large windows that invite natural light into the interior. The building could have a blend of retail spaces on the ground floor, suitable for boutiques, restaurants, and cafes, while the upper floors could be converted into luxury apartments. These apartments would feature high ceilings and modern amenities, blending historic charm with contemporary living. The building's location within the desirable area of downtown Greenwood, directly across from the Courthouse and convenient to restaurants, banks, professional offices and a vital downtown, makes it an attractive option for businesses and residents alike, contributing to the revitalization of the district. It would qualify for historic tax credits, helping to offset renovation costs while preserving its architectural integrity. Given its prime location and historical significance, the owner will lease back portions of the building, for his attorney offices, ensuring that it remains a thriving part of Greenwood's historic fabric. The space housing a former restaurant has been leased for a new restaurant. This blend of commercial and residential use would make it a cornerstone of the community's continued growth and development.

More Information MLS# 4090229

Address and Location Information

Nearest Cross Street: Fulton Parcel Number: 08510032500100 Directions to Property: On the corner of Fulton Street and West Market, directly across Market Street from the Leflore County Courthouse. Community Of: N/A Street Number: 305 Street Direction: W Street Name: Market Street Suffix: Street County: Leflore State: MS Zip Code: 38930 Subdivision: Downtown

Location

Downtown: 1

Listing Information

Listing Service: Full Service Never Occupied: No Status: Active List Date: 2024-08-30 List Price: $1,150,000 Current Price: $1,150,000 Property Sub Type: Apartment

General Property Information

Property Sub Type: Apartment New Construction: No Property Condition: Fixer Approx Lot Size Acres: 0.35 Lot Size Dimensions: 110x138 SqFt Source: Public Records List Price/SqFt: 47.41 Divisible: No Year Built Source: Public Records Total Floors: 2 Fireplace: No Pool: No Accessibility Features: Yes Approx H/C SqFt: 24255 Year Built: 1920

Tax and Financial Information

Tax Annual Amount: 8059 Tax Year: 2023 Zoning: C2 Flood Insurance Required?: No Leasehold Y/N: No Legal Description: LOTS 1-3 & 10' OFF EAST SIDE LOT 4 DESC IN DB 77 PG 351 BLOCK 15 HOWARD ADDITION 110' X 138'

Remarks & Miscellaneous

Public Remarks: An historic building in downtown Greenwood, MS, within the historic district, a well-preserved, early 20th-century structure. Imagine a two or three-story brick building with classic architectural details. The façade is grand yet understated, showcasing the craftsmanship of the era, with large windows that invite natural light into the interior. The building could have a blend of retail spaces on the ground floor, suitable for boutiques, restaurants, and cafes, while the upper floors could be converted into luxury apartments. These apartments would feature high ceilings and modern amenities, blending historic charm with contemporary living. The building's location within the desirable area of downtown Greenwood, directly across from the Courthouse and convenient to restaurants, banks, professional offices and a vital downtown, makes it an attractive option for businesses and residents alike, contributing to the revitalization of the district. It would qualify for historic tax credits, helping to offset renovation costs while preserving its architectural integrity. Given its prime location and historical significance, the owner will lease back portions of the building, for his attorney offices, ensuring that it remains a thriving part of Greenwood's historic fabric. The space housing a former restaurant has been leased for a new restaurant. This blend of commercial and residential use would make it a cornerstone of the community's continued growth and development.

Current Use

Commercial: 1 Mixed Use: 1 Office: 1 Retail: 1

Structure Type

Lowrise 1-2 Floors: 1

Possible Use

Barber/Beauty: 1 Commercial: 1 Food Service: 1 Hotel/Motel: 1 Office: 1 Residential: 1 Restaurant: 1

Business Type

Accounting: 1 Advertising: 1 Commercial: 1 Computer: 1 Deli/Catering: 1 Doughnut: 1 Financial: 1 General Business: 1 Gift Shop: 1 Historical: 1 Pizza: 1 Printing: 1 Professional Service: 1 Professional/Office: 1 Real Estate: 1 Residential: 1 Restaurant: 1 Retail: 1 Senior Housing: 1

Lot Features

City Lot: 1 Corner Lot: 1 Level: 1

Covenants And Restrictions

Architectural Review: 1

Levels

Two: 1

Sewer

Public Sewer: 1

Commercial Features

Employee Restrooms: 1 Fiber Optic Available: 1 Rest Rooms: 1 % Leased: 25

Water Source

Public: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1 Renovation Loan: 1

Showing Requirements

Showing: Appointment Required

Utilities

Electricity Connected: 1 Natural Gas Connected: 1 Sewer Connected: 1 Water Connected: 1 Fiber to the House: 1

Ceiling Height

11' - 12.9': 1

Square Footage Description

Ofc. Bldg 10000-50000 SF: 1

Flooring

Linoleum: 1

Foundation Details

Slab: 1

Auction

Auction: No

Exterior Construction/Siding

Brick: 1

Parking Features

On Street: 1

Basement Features

Basement: No

Approx Age Code

Older 25+ Years: 1

Property Features

Business Type: Accounting; Advertising; Commercial; Computer; Deli/Catering; Doughnut; Financial; General Business; Gift Shop; Historical; Pizza; Printing; Professional Service; Professional/Office; Real Estate; Residential; Restaurant; Retail; Senior Housing Current Use: Commercial; Mixed Use; Office; Retail Possible Use: Barber/Beauty; Commercial; Food Service; Hotel/Motel; Office; Residential; Restaurant Commercial Features: Employee Restrooms; Fiber Optic Available; Rest Rooms Structure Type: Lowrise 1-2 Floors Ceiling Height: 11' - 12.9' Lot Features: City Lot; Corner Lot; Level Location: Downtown Levels: Two Square Footage Description: Ofc. Bldg 10000-50000 SF Covenants And Restrictions: Architectural Review Flooring: Linoleum Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Fiber to the House Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional; Renovation Loan Parking Features: On Street Approx Age Code: Older 25+ Years
Listing Office: Powers Properties
Listing Agent: Pam Powers
Last Updated: September - 08 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.