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Restaurant and Event Venue
For Sale
$1,585,000

3135 Us-51, Summit, MS 39666

Commercial Sale, Summit, MS

Property Size794,534 SF
Lot Size4.65 Acres
Price / SF$1.99
Days on Market49

Property Features for 3135 Us-51

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 2
Bathrooms 4
Full bathrooms 2
Half bathrooms 3
Rooms Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3
Accessibility Accessible Approach with Ramp
Lot features Landscaped, Views, Partially Wooded, Rolling Slope, Landscaped, Views, Partially Wooded, Rolling Slope
Elementary school North Pike Elementary
Middle school North Pike Junior High
High school North Pike
Directions Exit Interstate 55 at Exit 24 and head east. Take right on Hwy 51. Property is on the right overlooking Lake Dixie Springs.
Standard status Active
APN 712520-b
Size 794,534 SF
Lot size 4.65 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TCT IN NW1/4 NE1/4 W OF HWY 51 B P 000278149 11/07/2016
Tax Annual Amount 13570
Legal Description TCT IN NW1/4 NE1/4 W OF HWY 51 B P 000278149 11/07/2016

Utilities

Utilities Cable Available
Sewer type Engineered Septic

Amenities

soaring ceilings
dramatic timber accents
cathedral-inspired architecture
custom lighting
water views
main dining room with vaulted ceilings
upscale bar and lounge area
private event and banquet spaces
outdoor courtyard
flexible reception and cocktail spaces
commercial catering/event support infrastructure
commercial kitchen

Building Details

Year built 2016
Floors in Building 2
Roof type Aluminum
Listing Agency: Berkshire Hathaway HomeServices-Cabin & Creek Real Estate
Listed By: Chuck A Paulk · License #B19787
Added: Jul 7 Changed: Aug 23 Last Checked: Aug 24 at 10:06PM
MLS# 4155114

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.

This 2016 hospitality property combines a restaurant operation with event-oriented improvements across a 4.65-acre site. The interior includes a vaulted main dining room, bar and lounge, private banquet areas, reception space, and cocktail areas. A commercial kitchen provides stainless preparation surfaces, professional cooking equipment, refrigeration, and service capacity for restaurant and catering functions.

Outdoor improvements include a courtyard designed for dining, receptions, weddings, and entertainment, along with additional support and service areas. The property contains 794,534 square feet and offers panoramic water views. Its architectural character includes cathedral-style design elements, timber accents, high ceilings, and custom lighting. The building has an aluminum roof, engineered septic service, cable availability, and an accessible approach with ramp. The property is located at 3135 Us-51 in Summit, Mississippi.

Key Highlights

  • 4.65‑acre restaurant and event venue property
  • 794,534 square feet with panoramic water views
  • 2016 construction with aluminum roof

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby
Well-served
Demand for This Use

Demographics for 39666, MS

10,467
Population
4,714
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
163.5 sq mi
ZIP Area
64
Density / Sq Mi
$44,836
Median Household Income
$34,824
Median Earnings
$855
Median Rent
$155,400
Median Home Value

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Architecturally distinctive hospitality property with dining, banquet, bar, lounge, courtyard, and commercial kitchen facilities.
Where is this conventional restaurant located?
The property is located at 3135 Us-51 Summit, MS.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: 4.65‑acre restaurant and event venue property; 794,534 square feet with panoramic water views; 2016 construction with aluminum roof
More about this property
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