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    597 Highway 98 Kokomo, MS 39643

    For Sale
    $799,500

    COMMERCIAL - Kokomo, MS

    Property size:
    6,800 SF
    Lot size:
    5.70 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 597 Highway 98

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    APN
    024-27-000-27-007.01
    Parking
    100
    Size
    6,800 SF
    Lot size
    5.70 Acres

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    2007
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    United Country-Southern States Realty (601) 250-0017 [email protected]

    Listing agent Danielle N Burnette (601) 250-0017 License #S55926

    Listing date Sep 25, 2025

    Overview

    Turnkey Restaurant on 5.7 Acres

    This is a 6,800 square foot restaurant situated on 5.7 acres. The property has been operating successfully for over 18 years. It is located on a high-traffic section of US Highway 98. The restaurant can seat over 300 guests and has a paved parking lot with 100 spaces. The restaurant is known for its all-you-can-eat seafood buffet every Thursday through Saturday, and a country cooking buffet on Sundays. The kitchen is fully operational and includes all equipment and inventory. This is a turnkey opportunity to take over a well-established, profitable business with a strong local following.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Marion
    State
    Mississippi
    Longitude
    -89.983893
    Latitude
    31.195439

    FAQs

    What type of property is this?
    Restaurant - Fully equipped 6,800 SF restaurant with high traffic highway frontage.
    Where is this restaurant located?
    The property is located at 597 Highway 98 Kokomo, MS.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: - Turnkey 6,800 sq ft seafood restaurant, fully equipped with all equipment and inventory.; - Established business with 18+ years of successful operation and a strong local following.; - High-traffic location on US Highway 98.
    (601) 250-0017
    Request Owner's contact information
    597 Highway 98 Kokomo, MS 39643
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    Kokomo, MS 39643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    597 Highway 98 Kokomo, MS 39643
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