419 Dr Martin Luther King Dr Ruleville, MS 38771
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.