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Investment Highlights
- Street Frontage Plus Expansive Rear Parking Lot
- Available Well Below Replacement Cost
- Opportunity Zone
Executive Summary
FRE Auctions and Al Brock Real Estate are proud to present an exclusive Online Auction Plus® Event for an adaptive reuse opportunity well below replacement cost in a resurging Delta market.
For more details and to register and place your bid, go to https://fre.com/562D6
Formerly operated as a Trustmark Bank facility, this two-story commercial building offers substantial square footage, strong physical condition, and immediate usability, making it well-suited for owner-users, investors, or developers. Multi-tenant adaptive reuse potential with massive upside at a price significantly below replacement cost. The in-place banking infrastructure and nearly turnkey condition offer incredible savings for a financial institution, and there is the possibility of adding a drive-thru lane in the rear of the building. (See architectural drawings in the documents section below.)
Total Building Size: ±25,258 SF
Stories: 2
Year Built: 1952 (renovated 1976)
Lot Size: ±1.03 acres
Zoning: Commercial
Roof: New TPO Roof installed in 2017
Parking: Combination of street frontage plus expansive rear parking lot (±70 spaces)
Opportunity Zone: Yes
For more details and to register and place your bid, go to https://fre.com/562D6
Formerly operated as a Trustmark Bank facility, this two-story commercial building offers substantial square footage, strong physical condition, and immediate usability, making it well-suited for owner-users, investors, or developers. Multi-tenant adaptive reuse potential with massive upside at a price significantly below replacement cost. The in-place banking infrastructure and nearly turnkey condition offer incredible savings for a financial institution, and there is the possibility of adding a drive-thru lane in the rear of the building. (See architectural drawings in the documents section below.)
Total Building Size: ±25,258 SF
Stories: 2
Year Built: 1952 (renovated 1976)
Lot Size: ±1.03 acres
Zoning: Commercial
Roof: New TPO Roof installed in 2017
Parking: Combination of street frontage plus expansive rear parking lot (±70 spaces)
Opportunity Zone: Yes
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Building Size
25,258 SF
Building Class
C
Year Built/Renovated
1952/1976
Price
$499,000
Price Per SF
$19.76
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
8,419 SF
Building FAR
0.95
Lot Size
0.61 AC
Opportunity Zone
Yes
Zoning
C-2 - Permitted uses: Small retail, service, or light commercial operations that are compatible with residential areas.
Parking
10 Spaces (0.4 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 12,629 SF
- Office
- Full Build-Out
- Now
- 2nd Floor
- 12,629 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 12,629 SF | Office | Full Build-Out | Now |
| 2nd Floor | 12,629 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 12,629 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 12,629 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $57,275 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | ($25,258) (($1.00)/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$57,275 (2025)
Annual Taxes
($25,258) (($1.00)/SF)
Tax Year
2026
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Photos
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Street
Map
Presented by
604 Washington Ave
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