"OLD BANK BUILDING"
C. 1900
326-328 MAIN STREET
INCOME PRODUCING COMMERCIAL PROPERTY
WITH RESIDENTIAL POSSIBILITY
C. 1900
326-328 MAIN STREET
INCOME PRODUCING COMMERCIAL PROPERTY
WITH RESIDENTIAL POSSIBILITY
ELIGIBLE FOR THE FOLLOWING TAX INCENTIVES:
- HISTORIC TAX CREDITS
- OPPORTUNITY ZONES
* See property information packet for details.
PHOTOS
PROPERTY INFORMATION portfolio
DOWNTOWN NATCHEZ, MS
One of the oldest cities in the South celebrating its tricentennial, Natchez is older than the State of Mississippi, founded in 1716. The property is located just blocks from the stunning views of the Mississippi River and the Natchez National Historical Park.
Image courtesy of https://c1.staticflickr.com/5/4031/4644336881_d59fc06d2f_b.jpg
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Image courtesy of https://redroaddiaries.files.wordpress.com/2012/06/p11003181.jpg
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NATCHEZ INVESTMENT PERKS
Natchez has plenty of great perks of its own to offer, and it's a lot more affordable than a crowded city. Courtesy of Kevin Perk's article in Bigger Pockets.
- Properties can be significantly cheaper than in larger, metro areas. This can mean greater cash flow or return on investment and is what makes these areas attractive.
- There is often less competition. While some investors clamor for the hottest properties in New York, Los Angeles, and Miami, you can quietly create a solid real estate investment income in Natchez.
- Lower barriers to entry & increased diversification. Natchez is not just a nice place to live for the residents, but a perfect way for investors to diversify risk and income streams, creating a healthier investment portfolio.
INCOME-PRODUCING - ZONED COMMERCIAL
Located in Downtown Natchez, MS, 326-328 Main Street is zoned B-3, Central Business District and is a commercial ground-floor space with potential residential second floor.
HISTORIC DISTRICT
Natchez On-Top-of-the-Hill Historic District is a historic district in Natchez, Mississippi that was listed on the National Register of Historic Places in 1979.
Preservation in Natchez was an unconscious phenomenon in the late 19th century. A growing awareness that the old buildings were beneficial to the city as a whole is evidenced in the illustrated pamphlets published between 1880 and 1920 to promote Natchez as a place to live and do business. In 1932, the annual Pilgrimage house tours began and tourism based on preservation became a major force in the economy of the town. Preservation became a conscious movement shaped by the Pilgrimage and directed by the two garden clubs who sponsor the event. The focus of the Pilgrimage preservation activities has always centered upon the antebellum residences, and only in recent years has the population become concerned about its commercial buildings and its post-Civil War architecture.
The involvement of the city of Natchez in the historic preservation movement officially began in 1952 when a small local historic district was established that required the City Planning Commission to review all plans for exterior alterations in the district. Later a second ordinance was passed requiring that all exterior alterations to buildings in the city constructed before 1900 be reviewed by the newly formed Historic and Preservation Commission. Until recently, the implementation of these two ordinances has been erratic, but the appointment of more concerned and- interested citizens to the Historic and Preservation Commission has resulted in the commission taking on an increased amount of responsibility toward the preservation of the city's physical culture.
Today, local legislation protects the historic buildings of the city by replacing the two earlier ordinances with a more comprehensive district ordinance: Natchez Preservation Ordinance became effective August 1991.
Preservation in Natchez was an unconscious phenomenon in the late 19th century. A growing awareness that the old buildings were beneficial to the city as a whole is evidenced in the illustrated pamphlets published between 1880 and 1920 to promote Natchez as a place to live and do business. In 1932, the annual Pilgrimage house tours began and tourism based on preservation became a major force in the economy of the town. Preservation became a conscious movement shaped by the Pilgrimage and directed by the two garden clubs who sponsor the event. The focus of the Pilgrimage preservation activities has always centered upon the antebellum residences, and only in recent years has the population become concerned about its commercial buildings and its post-Civil War architecture.
The involvement of the city of Natchez in the historic preservation movement officially began in 1952 when a small local historic district was established that required the City Planning Commission to review all plans for exterior alterations in the district. Later a second ordinance was passed requiring that all exterior alterations to buildings in the city constructed before 1900 be reviewed by the newly formed Historic and Preservation Commission. Until recently, the implementation of these two ordinances has been erratic, but the appointment of more concerned and- interested citizens to the Historic and Preservation Commission has resulted in the commission taking on an increased amount of responsibility toward the preservation of the city's physical culture.
Today, local legislation protects the historic buildings of the city by replacing the two earlier ordinances with a more comprehensive district ordinance: Natchez Preservation Ordinance became effective August 1991.
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