Grocery and Convenience Store with
For Sale
$120,000
Pending
23186 Highway 51, Crystal Springs, MS 39059
Commercial Sale, Crystal Springs, MS
Property Size2,008 SF
Lot Size1.06 Acres
Days on Market53
Property Features for 23186 Highway 51
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Accessibility
Accessible Approach with Ramp
Subdivision
Metes And Bounds
Lot features
Corner Lot, Level, Fenced, Corner Lot, Level, Fenced
Directions
Take the South Crystal Springs Exit and go East. Property is on the corner of Hwy 51 and S Pat Harrison Dr.
Standard status
Pending
APN
1-036-35-022.00
Size
2,008 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT NE1/4 SW1/4 E HWY 51 AS PER DB WBS-282/ 12N-174 SEC 35-2N-2W 0307-35-17 BK WB-S PG 00/00/0000
Tax Annual Amount
816
Legal Description
LOT NE1/4 SW1/4 E HWY 51 AS PER DB WBS-282/ 12N-174 SEC 35-2N-2W 0307-35-17 BK WB-S PG 00/00/0000
Utilities
Sewer type
Septic Tank
Cooling system
Ceiling Fan(s), Central Air, Window Unit(s)
Amenities
kitchen
eating area
walk-in cooler
multiple refrigerators and freezers
steam table
ice maker
supply room
crawfish cooking station
produce section
bait room
additional kitchen
ample counter space
restroom
new roll gate
fenced corner lot
Building Details
Year built
2003
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Cline Realty, LLC
(601) 892-5500
Listed By:
Mitzi Cline · License #S52154
(601) 421-8091
Added: Aug 18
Changed: Oct 8
Last Checked: Oct 9 at 2:06AM
MLS# 4159639
Copyright © 2026 MLS United. 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.
The Red Barn business and its buildings are offered for sale, while the current owner leases the site. The main building contains approximately 1,560 square feet with a kitchen, dining area, walk-in cooler, refrigerators and freezers, steam table, ice maker, supply room, crawfish cooking station, produce section, bait room, second kitchen, counters, and restroom. The business sells produce, prepared meals, frozen foods, crawfish, and fishing supplies, among other items. A separate 448-square-foot building is currently occupied by Hair It Is.
The property is on a 1.06-acre corner lot at Highway 51 and S Pat Harrison Drive, just off I-55. Site features include parking, a fenced perimeter, and a roll gate. The buildings date to 2003.
The property is on a 1.06-acre corner lot at Highway 51 and S Pat Harrison Drive, just off I-55. Site features include parking, a fenced perimeter, and a roll gate. The buildings date to 2003.
Key Highlights
- Main building includes approximately 1,560 square feet with a kitchen, dining area, walk‑in cooler, and food‑service equipment
- Separate 448‑square‑foot building currently houses Hair It Is
- Buildings and business offered for sale; current owner leases the 1.06‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,501
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,020
$130.0K
Cap Rate 7%
$92,871
$92.9K
Cap Rate 9%
$72,233
$72.2K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$9.9K $4.92/SF
− Vacancy
−$593 −$0.30/SF
EGI
$9.3K $4.62/SF
− OpEx
−$2.8K −$1.39/SF
NOI
$6.5K $3.24/SF
Area
Copiah County, MS
Vacancy
6.00%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,020
Cap Rate 7%
$92,871
Cap Rate 9%
$72,233
Alternative Uses
Best Use
Specialty Retail
$318.8K
$279.0K – $372.0K
NOI $22,319 @ 7.0% cap · market cap 18.60%
Second Best
Retail
$284.3K
$248.8K – $331.7K
NOI $19,903 @ 7.0% cap · market cap 16.59%
Theoretical Best
Office A
$344.1K
$301.1K – $401.4K
NOI $24,086 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39059, MS
12,073
Population
5,281
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
87%
High-School Grad
151.6 sq mi
ZIP Area
80
Density / Sq Mi
$49,191
Median Household Income
$40,275
Median Earnings
$690
Median Rent
$117,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Food retail and prepared-meal operations are supported by dedicated kitchen space, refrigeration, and a separate food-preparation area.
Where is this grocery and convenience store located?
The property is located at 23186 Highway 51 Crystal Springs, MS.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Main building includes approximately 1,560 square feet with a kitchen, dining area, walk‑in cooler, and food‑service equipment; Separate 448‑square‑foot building currently houses Hair It Is; Buildings and business offered for sale; current owner leases the 1.06‑acre site
