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B-3 Commercial Corner Parcel
For Sale
$998,000

1331 Sunset Drive, Grenada, MS 38901

Commercial Sale, GRENADA, MS

Property Size1,728 SF
Lot Size2.15 Acres
Price / SF$577.55
Days on Market379

Property Features for 1331 Sunset Drive

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Grenada
Middle school district Grenada
High school district Grenada
Subdivision East
Standard status Active
Size 1,728 SF
Lot size 2.15 Acres

Building Details

Year built 1979
Listing Agency: Landhawk Realty
Listed By: Molly Hawkins · License #22895
Added: Oct 2, 2025 Changed: Sep 5 Last Checked: Oct 15 at 6:06AM
MLS# 161797

Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2.15-acre commercial land offering includes a freestanding 1,728-square-foot building constructed in 1979. The B-3 Heavy Commercial zoning supports a commercial property configuration, while more than an acre of concrete provides substantial paved area across the site. Three separate entrances serve the parcel, and a tree row buffers the rear of the property.

The corner site fronts Sunset Drive with over 300 feet of frontage and nearly as much frontage along Jefferson Trail. It is located 1 mile east of I-55 in Grenada, Mississippi. The property was previously leased to Yamato Steak House of Japan.

Key Highlights

  • 2.15‑acre commercial corner parcel zoned B‑3, Heavy Commercial
  • Freestanding 1,728‑square‑foot building constructed in 1979
  • Over 300 feet of frontage on Sunset Drive and nearly as much on Jefferson Trail

Property Analytics

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Current Use

Yamato Steak House ... Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Building Supply Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby
180k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Shops & Services 40% Apparel 7% Home Improvements & Furnishings 3%
McDonald's Dining
32,441 visits/mo 0.2 miles
Wendy's Dining
20,379 visits/mo 0.4 miles
Exxon Shops & Services
17,087 visits/mo 0.5 miles
Dollar Tree Shops & Services
13,046 visits/mo 0.4 miles
Shell Shops & Services
11,960 visits/mo 0.4 miles

Demographics for 38901, MS

18,282
Population
8,831
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
242.0 sq mi
ZIP Area
76
Density / Sq Mi
$46,956
Median Household Income
$31,330
Median Earnings
$811
Median Rent
$139,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Two-acre commercial site with a freestanding building, multiple entrances, and substantial paved area.
Where is this commercial land located?
The property is located at 1331 Sunset Drive Grenada, MS.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 2.15‑acre commercial corner parcel zoned B‑3, Heavy Commercial; Freestanding 1,728‑square‑foot building constructed in 1979; Over 300 feet of frontage on Sunset Drive and nearly as much on Jefferson Trail
More about this property
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