Commercial Real Estate Opportunity

ONLINE REAL ESTATE AUCTION 

Thursday, October 22, 2026 @ 12 Noon

411 South State Street, Clarksdale, MS in Coahoma County

The property is located in Lot 8 and the East Half of Lot 7, Block 3, Riverton Land Company's Addition Number 4, City of Clarksdale, Coahoma County, Mississippi. The property may be further identified on the Coahoma County Tax Roll as part of parcel number: 391 231300003 0000800.

NOTE: THE FOLLOWING INFORMATION IS TAKEN FROM A 3rd PARTY AND SHOULD BE VERIFIED BY ANY POTENTIAL BIDDER BEFORE BIDDING. INFORMATION NOT GUARANTEED. Due Diligence encouraged before bidding.

Currently leased for $1,500/month. Month to Month Lease. Lease posted under DOCUMENTS. 

Property Type: office building
Stories/height: 1.00 story / 8'+/- ceiling height

Lot Size - 0.34+/-
Gross Building Area: 2,788+/- square feet  
Construction Class: Class C and S concrete block and metal frame
Foundation: poured-in-place concrete foundation
Exterior Walls: painted concrete block and metal sheeting
Frame: concrete block and metal frame 
Windows: aluminum-frame and insulated glass panels
Roof: metal sheeting over wood decking
Interior Floor Finish: a mixture of carpet, ceramic tile and exposed concrete
Interior Walls/finish: a mixture of painted sheetrock and concrete blocks
Interior Ceilings: acoustic ceiling tiles in a suspended metal framework
Lighting: a mixture of fluorescent and incandescent fixtures
Restroom Facilities: two two-fixture restrooms
Heating/fuel Source: central
Air Conditioning: central
Year built/Date of completion: 1948+/-
Actual Age/Effective Age: 72 years / 18 year+/-
Estimated Economic Life: 50 years (per Marshall and Swift Valuation Service)
Zoning and Construction Class: C-2

This statement is noted in the lease - Termination Upon Sale of Premises.  Notwithstanding any other provision of this Lease, the Landlord may terminate this Lease upon 90 days' written notice to the Tenant that the Premises have been sold.

10% Buyer's Premium. 10% escrow deposit due upon contract signing. Close within 30 days.  Selling with reserve.
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