507 Front Street, Richton, MS 39476 (MLS# 4149603)

507 Front Street, Richton, MS 39476

New Listing

$800,000

Virtual Tour

https://www.propertypanorama.com/507-Front-Street-Richton-MS-39476/unbranded

Property Type: Commercial Sale Square Footage: 6,000 Lot Size (sq. ft.): 25,700 Status: Active

Current Price: $800,000 List Date: 5/16/2026 Last Modified: 5/16/2026

Overview

Description

Anchored on Front Street, this 6,000 SF commercial building is a rare downtown gem delivering immediate, dependable income from two thriving tenants —Tobacco Shop and A Fitness Center — each drawing steady daily foot traffic from loyal local customers. Capturing 8,000 vehicles per day per MDOT, the property enjoys unmatched visibility at the commercial heartbeat of Richton, where every passing car is a marketing impression. A standout 20+ space parking lot sets this asset apart from typical downtown offerings, eliminating the parking headaches that plague competing locations and giving tenants and patrons effortless access. With its dual-suite layout, brick-and-mortar presence, and prime central positioning, 505/507 Front Street offers investors a turnkey, fully leased income stream in one of south Mississippi's most visible retail corridors. Whether you're building a passive portfolio, executing a 1031 exchange, or seeking an owner-user opportunity with built-in tenants, thi ... (Read more)

Listing Details MLS# 4149603

General Property Information

Approx Lot Size Acres: 0.59
Approx H/C SqFt: 6000
SqFt Source: Assessor
List Price/SqFt: 133.33
Year Built Known: Yes
Divisible: No
Year Built: 2000
Year Built Source: Public Records
Total Floors: Yes
Accessibility Features: Yes
Property Sub Type: Business
New Construction: No

Property Features

Business Type: Commercial Current Use: Commercial; Investment Commercial Features: Delivery Door; Fiber Optic Available; Fire Alarm; Loading Dock(s) Structure Type: Other Truck Loading: 6' - 8.9' Ceiling Height: 11' - 12.9' Electricity Features: 220 Volts; Circuit Breakers Location: Commercial Retail; State Highway Levels: One Square Footage Description: Retail Bldg Over 5000 SF Seating: None Expenses Include: Insurance; Maintenance; Taxes Walls - Interior: Sheetrock Lighting: Other Window Features: Aluminum Frames; Double Pane Windows Accessibility Features: Accessible Parking Cooling: Central Air Heating: Central Utilities: Electricity Connected; Phone Connected; Sewer Connected; Water Connected; Underground Utilities Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash Sale Options: Under Lease Roof: Metal Driveway Features: Concrete Drive Flood Insurance: No Previous Flood Inside Water Heater: 40 Gallons or Less; Electric Price Includes: Business and Building Available Documents: Leases; Tax Info Disclosures: As Is Approx Age Code: Older 25+ Years

Address and Location Information

Street Number: 507
Street Name: Front
Street Suffix: Street
County: Perry
State: MS
Zip Code: 39476
Parcel Number: 049c-31-003.000
PPIN: 005511
Subdivision: Metes And Bounds
Community Of: N/A

Listing Information

Property Sub Type: Business
Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 9521
Tax Year: 2025
Flood Insurance Required?: No
Leasehold Y/N: No
Sold In Previous 12 Months: No
Legal Description: LOTS 5 LESS S 20' & LOT 6 RICHTON LBR CO 2ND ADD

Commercial Features

Business Included: Yes
Divisible: No
Expandable: No
Number of Restrooms: 5
Number of Tenants: 2
Traffic Count: 8000
Delivery Door: Yes
Fiber Optic Available: Yes
Fire Alarm: Yes
Loading Dock(s): Yes

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required
Appointment Phone: 2282150072

Basement Features

Basement: No

Suite Details

1st Suite Number: 507
1st Suite Size: 2000
2nd Suite Number: 505
2nd Suite Size: 4000

Location

Commercial Retail: Yes
State Highway: Yes

Remarks & Miscellaneous

Public Remarks: Anchored on Front Street, this 6,000 SF commercial building is a rare downtown gem delivering immediate, dependable income from two thriving tenants —Tobacco Shop and A Fitness Center — each drawing steady daily foot traffic from loyal local customers. Capturing 8,000 vehicles per day per MDOT, the property enjoys unmatched visibility at the commercial heartbeat of Richton, where every passing car is a marketing impression. A standout 20+ space parking lot sets this asset apart from typical downtown offerings, eliminating the parking headaches that plague competing locations and giving tenants and patrons effortless access. With its dual-suite layout, brick-and-mortar presence, and prime central positioning, 505/507 Front Street offers investors a turnkey, fully leased income stream in one of south Mississippi's most visible retail corridors. Whether you're building a passive portfolio, executing a 1031 exchange, or seeking an owner-user opportunity with built-in tenants, this property checks every box. Detailed financials and lease terms available to qualified buyers upon request.

Current Use

Commercial: Yes
Investment: Yes

Structure Type

Other: Yes

Income & Expenses

See Remarks: Yes

Business Type

Commercial: Yes

Levels

One: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes

Utilities

Electricity Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes
Underground Utilities: Yes

Truck Loading

6' - 8.9': Yes

Ceiling Height

11' - 12.9': Yes

Electricity Features

220 Volts: Yes
Circuit Breakers: Yes

Walls - Interior

Sheetrock: Yes

Square Footage Description

Retail Bldg Over 5000 SF: Yes

Seating

None: Yes

Window Features

Aluminum Frames: Yes
Double Pane Windows: Yes

Expenses Include

Insurance: Yes
Maintenance: Yes
Taxes: Yes

Accessibility Features

Accessible Parking: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

Slab: Yes

Sale Options

Under Lease: Yes

Exterior Construction/Siding

Block: Yes
Metal Siding: Yes

Roof

Metal: Yes

Driveway Features

Concrete Drive: Yes

Lighting

Other: Yes

Flood Insurance

No Previous Flood Inside: Yes

Water Heater

40 Gallons or Less: Yes
Electric: Yes

Price Includes

Business and Building: Yes

Available Documents

Leases: Yes
Tax Info: Yes

Disclosures

As Is: Yes

Approx Age Code

Older 25+ Years: Yes

Uncovered Parking?

1-25 Spaces: Yes

Listing Office: Wellhouse Real Estate

Listing Agent: Parker B Thoms

Last Updated: May - 16 - 2026