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    419 Dr Martin Luther King Dr Ruleville, MS 38771

    Sponsored
    For Sale
    $1,500,000

    High-Income Generating Restaurant Investment

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 419 E Dr Martin Luther King Drive in Ruleville, Mississippi, presents a lucrative investment opportunity. The main building, constructed in 2018, boasts over 5,000 square feet and is currently leased to a thriving restaurant generating a monthly income of $3,000. The lease is in place and the tenant intends to continue operations. Ample parking is available on the approximately one-acre site, easily accommodating around 50 vehicles. This ensures convenient access for patrons and employees. A significant advantage of this property is the inclusion of an adjacent vacant lot to the south. This additional land parcel offers substantial development potential, providing a unique opportunity to expand the existing business or attract a complementary tenant. Its prime location, with direct highway frontage along Highway 49 near the intersection of Highway 8, guarantees high visibility and accessibility, making it an attractive proposition for a wide range of businesses. The asking price for this turnkey investment is $1,500,000. This property offers a blend of immediate income generation and future growth potential, making it an exceptional addition to any commercial real estate portfolio. The property's size, location, and existing lease make it a strong contender for investors seeking a stable and potentially expanding income stream. The adjacent lot presents a unique opportunity for further development and increased profitability.

    Property Features for 419 Dr Martin Luther King Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,000 SF
    Lot Size
    95,396 SF

    Building Details

    Year Built
    2018
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ruleville
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.54713
    Latitude
    33.73135

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    FAQs

    What type of property is this?
    Commercial real estate - High-Income Generating Restaurant Investment
    Where is this commercial real estate located?
    The property is located at 419 Dr Martin Luther King Dr Ruleville, MS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (601) 898-2772
    Request Owner's contact information
    419 Dr Martin Luther King Dr Ruleville, MS 38771
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    Ruleville, MS 38771
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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
    419 Dr Martin Luther King Dr Ruleville, MS 38771
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