Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    419 E Dr Mlk Dr Ruleville, MS

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    5,000 sq ft restaurant with parking and development opportunity.

    Property size:
    5,000 SF
    Lot size:
    333.54 Acres

    Property Features for 419 E Dr Mlk Dr

    General Information

    Size
    5,000 SF
    Lot size
    333.54 Acres

    Source: Tom Smith Land and Homes | Madison Agent Anthony Steen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Building with Development Potential

    The property features a 5,000 square foot building constructed in 2018. Currently, the building is leased to Mexico Grill for $3,000 per month, and the tenant is expected to continue the lease. The property includes up to one acre of parking space, which can accommodate approximately 50 vehicles. Adjacent to the building is an open lot to the south, offering direct highway frontage along Hwy 49 near the corner of Hwy 8. This lot presents potential for further development, making it suitable for another business venture.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Ruleville
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.5514806
    Latitude
    33.7259478

    Nearby Similar for Sale

    • $1,500,000
      5,000 SF

      Prime Ruleville Commercial Property

      High-Income Generating Restaurant Investment
      419 Dr Martin Luther King Dr, Ruleville, MS 38771
      View Details
    • $1,500,000
      5,000 SF

      Prime Ruleville Retail Investment

      5,000 SF Retail Building, High Traffic Area
      419 Dr. Martin Luther King Dr, Ruleville, MS 38771
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 5,000 sq ft restaurant with parking and development opportunity.
    Where is this conventional restaurant located?
    The property is located at 419 E Dr Mlk Dr Ruleville, MS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Existing tenant (Mexico Grill) provides immediate income of $3,000/month.; - Significant building size with 5,000± sq. ft.; - Large parking area with space for approximately 50 vehicles.
    (662) 645-5151
    Request Owner's contact information
    419 E Dr Mlk Dr Ruleville, MS
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    419 E Dr Mlk Dr
    Ruleville, MS
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 E Dr Mlk Dr Ruleville, MS
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.