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    400 Main Ave Magee, MS 39111

    For Sale
    $170,000

    Former Sonic Drive-In, High Traffic Location

    Property size:
    1,222 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1,222 square foot retail property, situated on a 0.25-acre corner lot in Magee, Mississippi, presents a remarkable investment opportunity. Located at 400 S Main Avenue, the property boasts excellent visibility and high traffic flow, making it ideal for a variety of businesses. Previously operating as a Sonic Drive-In, the building comes equipped with all the necessary equipment to immediately launch a fast-food restaurant, significantly reducing start-up costs and time. The convenient corner lot provides easy ingress and egress from two sides, ensuring seamless customer access. Additional benefits include covered parking, enhancing the customer experience and providing shelter from the elements. The property's prime location and existing infrastructure offer significant potential for a thriving business venture. This is a turnkey opportunity for an entrepreneur looking to establish a successful enterprise in a high-traffic area. The building's existing layout and equipment provide a solid foundation for immediate operation, minimizing initial investment and maximizing return. The ample parking and convenient access points contribute to a positive customer experience, fostering repeat business and growth. Don't miss this chance to acquire a well-positioned retail space with significant upside potential. The asking price is $170,000.

    Property Features for 400 Main Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,222 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Magee
    County
    Simpson
    State
    Mississippi
    Longitude
    -89.73254
    Latitude
    31.8679

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    FAQs

    What type of property is this?
    Retail property - Former Sonic Drive-In, High Traffic Location
    Where is this retail property located?
    The property is located at 400 Main Ave Magee, MS.
    What is the asking price?
    The asking price for this property is $170,000.
    (601) 849-3226
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    400 Main Ave Magee, MS 39111
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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
    400 Main Ave Magee, MS 39111
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