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807-809 Varsity Dr

29,429 SF Retail Building Tupelo, MS 38801 $2,750,000 ($93/SF)

Investment Highlights

  • An outparcel opportunity is available, along with drive-thru capability for the end cap space.
  • Dual curb cuts providing convenient ingress and egress to the property.
  • This property is less than 2 miles from Cadence Arena, the largest indoor multipurpose arena in Mississippi.
  • 58 total parking spaces, including 8 designated handicap spaces.
  • Conveniently located near the North Mississippi Medical Center and directly adjacent to Tupelo's Midtown Pointe Development.
  • Prime signage space available, providing excellent visibility and exposure for businesses.

Executive Summary

809 Varsity Dr offers 21,466 square feet of versatile space for sale or lease. This property provides a variety of layout choices to accommodate diverse space needs, making it an ideal solution for a wide range of businesses. This property presents a rare opportunity to capitalize on the dynamic energy of Tupelo’s Entertainment District, a hub for entertainment, retail, and commerce. Dual curb cuts provide seamless ingress and egress, ensuring smooth traffic flow for both employees and customers. Additionally, there is an outparcel opportunity and drive-thru capability for end-cap tenants, making this property even more versatile.

Property Facts

Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
29,429 SF
Building Class
B
Year Built
1965
Price
$2,750,000
Price Per SF
$93
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
3.01 AC
Zoning
C - Commercial
Parking
58 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
350 FT on Varsity Drive

Amenities

  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,500-21,466 SF
  • Office/Retail
  • -
  • Now

This versatile 21,466 square-foot space offers a prime opportunity for medical, office, or retail space. This space offers flexible layouts and can accommodate a wide range of users, making it ideal for various business needs.

Space Size Space Use Position Available
1st Floor 4,500-21,466 SF Office/Retail - Now

1st Floor

Size
4,500-21,466 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size 4,500-21,466 SF
Space Use Office/Retail
Position -
Available Now

This versatile 21,466 square-foot space offers a prime opportunity for medical, office, or retail space. This space offers flexible layouts and can accommodate a wide range of users, making it ideal for various business needs.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,811
25,097
40,526
56,596
2029 Population
5,939
25,127
40,274
56,125
2024-2029 Projected Population Growth
2.2%
0.1%
-0.6%
-0.8%
Median Age
34.5
36.0
36.7
37.8
College Degree + Higher
21%
27%
29%
19%
Daytime Employees
18,703
38,340
49,665
55,317
Total Businesses
1,514
3,473
4,682
5,286
Average Household Income
$53,952
$67,175
$75,761
$81,985
Median Household Income
$37,453
$45,077
$53,884
$58,838
Total Consumer Spending
$54.3M
$260.7M
$451.8M
$668.4M
2024 Households
2,493
10,327
16,600
23,019
Average Home Value
$145,645
$201,706
$224,892
$232,010

Nearby Major Retailers

Checkers
Cadence Bank
Bestway Rent to Own
Rent-A-Center
Lenny's Franchisor, LLC Support Center
Renasant Bank
Waffle House
Walmart Neighborhood Market
Kroger
McAlister's Deli

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
113A-06-005-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$344,424
  • Listing ID: 32488024

  • Date on Market: 7/17/2024

  • Last Updated:

  • Address: 807-809 Varsity Dr, Tupelo, MS 38801

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