1417 Memphis St, Hernando, MS 38632
OFF MARKET

1417 Memphis St
Hernando, MS 38632

  • 3 Beds
  • 2 Baths
  • 1,300 sqft (on 0.50 acres)
3 Beds
2 Baths
1,300 sqft
(on 0.50 acres)

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

FOR SALE BY OWNER — Residential/Office Zoned Property — Hernando, MS

1,300 sq ft permitted home on 0.50 acre lot with Residential/Office zoning.
Located directly across from commercial buildings — ideal for office, salon, boutique, studio, or small business use.
Property sold AS-IS. Additional 300 sq ft bonus area is unpermitted and not included in the official square footage.

This property offers both a home and office/business space in one location, with strong future commercial potential.

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Why the Asking Price Is $500,000
Commercial properties in this area with similar visibility, lot size, and zoning potential routinely sell for $450,000 to $600,000.
This property sits directly across from established commercial buildings and already carries Residential/Office zoning, making it uniquely positioned for future commercial conversion.

A buyer is not just purchasing a residence — they are purchasing:

- A home
- An office
- A business location
- A half-acre lot in a commercial corridor
- A property with $450k–$600k commercial upside

The asking price reflects the true market value of the location and its commercial potential.

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Key Features
- Zoned Residential/Office (commercial potential)
- Half-acre lot in a high-visibility corridor
- Ideal for home-based business or full office use
- Additional unpermitted 300 sq ft bonus area
- Owner financing available with acceptable down payment
- Buyer may NOT apply for commercial zoning until loan is paid in full
- No occupancy or alterations before closing
- Property sold AS-IS

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Price & Terms
Asking Price: $500,000

Down Payment: $50,000 – $75,000 (10–15%)
Interest Rate: 8.5% – 9.5%
Loan Term: 30 years
Estimated Monthly Payment: $3,300 – $3,900

These terms reflect the fact that the buyer is acquiring a home, an office, and a property with significant commercial value.

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Buyer Requirements
- Serious inquiries only
- Proof of funds or pre-approval required
- Must agree to zoning restriction clause until loan is paid in full

This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 1417 Memphis St

Property Information

Year Built
Year Built: 1964
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 0.50 acres
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Comparable Sales for 1417 Memphis St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4683 Belmont Rd, Hernando, MS
0.01
Single-Family Home
-
09/26/25
3
1
1,000
537 Vinson Rd, Hernando, MS
0.58
Single-Family Home
-
02/27/26
5
3
2,888
809 Green Acres Dr, Hernando, MS
0.82
Single-Family Home
-
04/30/26
3
2
2,750
4646 McCracken Rd, Hernando, MS
0.86
Single-Family Home
-
07/24/25
4
2.5
2,734
5525 Belmont Rd, Hernando, MS
0.93
Single-Family Home
-
09/12/25
4
3
1,928
187 Magnolia Gardens Dr, Hernando, MS
1.37
Single-Family Home
-
04/29/26
4
2
1,800
255 Magnolia Gardens Dr, Hernando, MS
1.38
Single-Family Home
-
01/30/26
4
2
1,800
244 Magnolia Gardens Dr, Hernando, MS
1.40
Single-Family Home
-
05/06/26
4
2
1,871
230 Magnolia Gardens Dr, Hernando, MS
1.40
Single-Family Home
-
09/22/25
4
2
1,887
3332 Magnolia Bloom Dr, Hernando, MS
1.43
Single-Family Home
-
08/07/25
4
2
2,025

Nearby homes

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Assigned Schools

These are the assigned schools for 1417 Memphis St.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Hernando

At least 103 Trulia users voted on each feature.

  • 90 % Say yards are well-kept

  • 87 % Say it's dog friendly

  • 85 % Say car is needed

  • 85 % Say there's holiday spirit

  • 82 % Say parking is easy

  • 80 % Say kids play outside

  • 76 % Say people would walk alone at night

  • 75 % Say it's quiet

  • 60 % Say streets are well-lit

  • 57 % Say neighbors are friendly

  • 55 % Say they plan to stay for at least 5 years

  • 53 % Say there are sidewalks

  • 50 % Say there's wildlife

  • 33 % Say there are community events

  • 29 % Say it's walkable to grocery stores

  • 26 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Psnow
    "Wonderful and people should move here. A good place for kids. Good schools and counselors. I don’t know much more to say."
    0
    Flag
  • Josh scott
    "Lots of places to take your dog out and let them run and play. Lots of dog owners take them out to the square etc. plenty of groomers and cleaners to maintain good health for your babies"
    0
    Flag
  • Kinneydarrell
    "The people are very nice and helpful towards each other willing to with given any situation it’s very family oriented in this town"
    1
    Flag
  • Dls2u
    "It’s becoming far too over grown. Doesn’t have infrastructure in place to support the growth. It no longer has the small town community feel... with the growth is coming an increase in the crime rate. "
    0
    Flag
  • Scott
    "Very few events. Local farmers market and one art festival is about it. The High School band is about the biggest claim to fame."
    5
    Flag
  • Ac C.
    "I’ve lived in this neighborhood for seven years and really like the area and neighbors. Easy access to I-55. "
    3
    Flag
  • Kenzie2013
    "I’ve lived here for over 10 years. We were one of the first houses here. I know most of my neighbors and feel comfortable walking in the neighborhood, receiving packages, etc. "
    0
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  • Cara K.
    "Great area for children to grow and get an excellent education. Loving small town with great stores. "
    0
    Flag
  • Lockwood
    "Everybody is very friendly this includes the fur babies my kids love petting the dogs and they’re courteous clean up after their dogs and always on a leash "
    1
    Flag
  • Lisa C.
    "Great schools, nice, clean area.... all shopping is very close by—- without the wait as in several other areas. The community is a very well kept area and many new homes and subdivision are up and building."
    5
    Flag
  • Shana H.
    "Hernando is a great place to live!! I enjoy our neighborhood and neighbors in the area. Everyone is so nice and friendly."
    1
    Flag
  • Shana H.
    "We love it in Hernando - it’s a Greta place to live! I’ve lived here most of my life and plan to live here for years to come!"
    1
    Flag
  • Megan M.
    "We have a lot of community events, 5K runs, Farmer's Market during the season, several very good restaurants and ice cream joints where people gather for fellowship, and active churches with annual activities for families."
    0
    Flag
  • Scooby31694
    "The best schools! Safe area. I loved living here so much as a kid, I bought a house here. You can’t beat it. "
    1
    Flag
  • Shana H.
    "I’ve lived in Hernando / neighborhood for 4 years - we have made it our home? We love it ....... it’s"
    1
    Flag
  • Shana H.
    "Great area!! Good neighborhood and love the friendly neighborhood.... we are currently in the process of our HOA"
    2
    Flag
  • john
    "A WONDERFUL PLACE TO LIVE. Great schools and activities for kids "
    0
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  • Terri C. E.
    "I've lived in Hernando for 10 years now, and I love it. Perfect place to raise a family."
    1
    Flag
  • kevin k.
    "I moved to Hernando in 2008 and I love it. Great schools for the kids and its only 20 minute driving distance from downtown Memphis."
    0
    Flag

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1417 Memphis St, Hernando, MS 38632 is a 3 bedroom, 2 bathroom, 1,300 sqft single-family home built in 1964. This property is not currently available for sale.