Historic Full-Service Restaurant
For Sale
$200,000
3107 Highway 80 W, Jackson, MS 39204
Former restaurant property with two kitchens, a built-in bar, lighted parking, and additional support buildings.
Property Size3,730 SF
Price / SF$53.62
Days on Market223
Property Features for 3107 Highway 80 W
General Information
Standard status
Active
Size
3,730 SF
Taxes and HOA fees
Annual Taxes
$6,956
Building Details
Buildings
4
Listing Agency:
Insight Group LLC
(769) 300-2651
Listed By:
Jill Acey-Callender · License #S23563
(601) 940-4235
Source:
Exprealty
Added: Feb 26
Changed: Sep 12
Last Checked: Oct 7 at 12:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Insight Group LLC
Investment Insights
Based on property information with market context.
This former full-service restaurant property includes a fully equipped primary kitchen and a second building with its own kitchen and built-in bar. The property also includes two large equipment buildings, providing additional enclosed support space for restaurant or other commercial operations.
The site has ample lighted parking and is located at 3107 Highway 80 W in Jackson, Mississippi. The restaurant has a seventy-year history, while the separate building offers an additional commercial component alongside the primary restaurant facility.
The site has ample lighted parking and is located at 3107 Highway 80 W in Jackson, Mississippi. The restaurant has a seventy-year history, while the separate building offers an additional commercial component alongside the primary restaurant facility.
Key Highlights
- Former full‑service restaurant with a seventy‑year history
- Fully equipped primary kitchen
- Second building includes a full kitchen and built‑in bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,075
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,500
$241.5K
Cap Rate 7%
$172,500
$172.5K
Cap Rate 9%
$134,167
$134.2K
Market Conditions
NOI Build-Up for 3,730 SF
Gross rent
$18.4K $4.92/SF
− Vacancy
−$1.1K −$0.30/SF
EGI
$17.3K $4.62/SF
− OpEx
−$5.2K −$1.39/SF
NOI
$12.1K $3.24/SF
Area
Jackson, 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%
$241,500
Cap Rate 7%
$172,500
Cap Rate 9%
$134,167
Alternative Uses
Best Use
Specialty Retail
$592.3K
$518.2K – $691.0K
NOI $41,459 @ 7.0% cap · market cap 20.73%
Second Best
Industrial
$172.5K
$150.9K – $201.3K
NOI $12,075 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$639.2K
$559.3K – $745.7K
NOI $44,742 @ 7.0% cap · market cap 22.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant property with two kitchens, a built-in bar, lighted parking, and additional support buildings.
Where is this conventional restaurant located?
The property is located at 3107 Highway 80 W Jackson, MS.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Former full‑service restaurant with a seventy‑year history; Fully equipped primary kitchen; Second building includes a full kitchen and built‑in bar
