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Former Trustmark Bank Building
-
Auction #
562 -
Interior Space:
± 25,258 SF -
Lot Size:
±44,580 SF -
Transaction Fee:
6% (Min US $25,000)
Former Trustmark Bank Building
Office/Specialty Property For Sale in Greenville, MS
604 Washington Ave, Greenville, MS 38701Formerly 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
Opportunity zones have potential for tremendous tax advantage to the buyer.
Opportunity Zones incentivize investment and economic development in distressed communities by providing federal tax benefits in investors for qualified uses. The incentive enables a temporary deferral on capital gains for qualified investments through a Qualified Opportunity Fund (QOF) established with the Internal Revenue Service (IRS).
Investors can defer federal capital gains taxes on the invested gain amounts until there is an event that reduces or terminates the qualifying investment in the QOF, or December 31, 2026, whichever is earlier. In addition, if the investor holds the investment in the QOF for at least 10 years, the investor is not required to pay federal capital gains taxes on any realized gains from the investment. All QOFs must hold at least 90 percent of assets in qualifying Opportunity Zone properties or businesses.
Opportunity Zone Government link
Renewal of the Program: Opportunity Zones 2.0
The Opportunity Zone Program was originally scheduled to sunset on December 31, 2026. With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, the program is now a permanent part of the federal tax code.
As part of this legislation, a new round of Opportunity Zone census tract designations—referred to as “Opportunity Zones 2.0â€â€”will be introduced.
What to know:
- July 1, 2026: Governors may begin nominating a new map of eligible census tracts
- January 1, 2027: The U.S. Department of the Treasury will certify nominations, and the new map takes effect
- Duration: Designations will remain in place for 10 years
- Future updates: Opportunity Zones will be refreshed every 10 years going forward
Properties of this size, location, and flexibility rarely come available in Downtown Greenville, particularly those supported by significant parking, civic proximity, and adaptive reuse potential.
Local Developments:
-$45M Federal Courthouse nearing completion within 3 blocks
-The Lofts at 517: successful high end boutique hospitality adaptive reuse
604 Washington Ave stands as a strategic acquisition opportunity to reposition a prominent downtown asset and capitalize on Greenville’s next phase of growth.
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Al Brock Real Estate & Development, MS # 10364
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
This auction is estimated to start on Monday June 15, 2026.
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ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
Greenville, MS 38701
-
Greenville, MS
-
Property Type: Commercial Property
-
Interior Space: ± 25,258 SF
-
Lot Size: ±44,580 SF
-
Transaction Fee: 6% (Min US $25,000)
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
Opportunity zones have potential for tremendous tax advantage to the buyer.
Opportunity Zones incentivize investment and economic development in distressed communities by providing federal tax benefits in investors for qualified uses. The incentive enables a temporary deferral on capital gains for qualified investments through a Qualified Opportunity Fund (QOF) established with the Internal Revenue Service (IRS).
Investors can defer federal capital gains taxes on the invested gain amounts until there is an event that reduces or terminates the qualifying investment in the QOF, or December 31, 2026, whichever is earlier. In addition, if the investor holds the investment in the QOF for at least 10 years, the investor is not required to pay federal capital gains taxes on any realized gains from the investment. All QOFs must hold at least 90 percent of assets in qualifying Opportunity Zone properties or businesses.
Opportunity Zone Government link
Renewal of the Program: Opportunity Zones 2.0
The Opportunity Zone Program was originally scheduled to sunset on December 31, 2026. With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, the program is now a permanent part of the federal tax code.
As part of this legislation, a new round of Opportunity Zone census tract designations—referred to as “Opportunity Zones 2.0â€â€”will be introduced.
What to know:
- July 1, 2026: Governors may begin nominating a new map of eligible census tracts
- January 1, 2027: The U.S. Department of the Treasury will certify nominations, and the new map takes effect
- Duration: Designations will remain in place for 10 years
- Future updates: Opportunity Zones will be refreshed every 10 years going forward
Properties of this size, location, and flexibility rarely come available in Downtown Greenville, particularly those supported by significant parking, civic proximity, and adaptive reuse potential.
Local Developments:
-$45M Federal Courthouse nearing completion within 3 blocks
-The Lofts at 517: successful high end boutique hospitality adaptive reuse
604 Washington Ave stands as a strategic acquisition opportunity to reposition a prominent downtown asset and capitalize on Greenville’s next phase of growth.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Al Brock Real Estate & Development, MS # 10364
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.