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Restaurant with Event Space
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 Market95

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 Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2
Exterior features Awning(s), Landscaping Lights, Uncovered Courtyard
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
Heating system Central
Cooling system Electric

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: Oct 8 Last Checked: Oct 9 at 2:06AM
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 restaurant and event property occupies 4.65 acres and was built in 2016. Interior spaces include a main dining room with vaulted ceilings, a bar and lounge, private banquet areas, and reception space. An outdoor courtyard adds an additional gathering area. The commercial kitchen is equipped with stainless-steel preparation surfaces, professional cooking equipment, and refrigeration systems, with supporting service areas on site.

The property is on US-51 in Summit, Mississippi, and offers water views. Site improvements include landscaping lights, an awning, and an accessible approach with ramp. Central heating, electric cooling, cable availability, and engineered septic are also noted. The combination of restaurant facilities, indoor gathering rooms, kitchen infrastructure, and an outdoor courtyard supports dining and event operations within one property.

Key Highlights

  • 4.65‑acre restaurant and event property
  • Built in 2016
  • Commercial kitchen with stainless preparation areas, professional cooking equipment, and refrigeration

Property Analytics

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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
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - A 2016-built hospitality property combines dining, banquet, and courtyard areas with a substantial commercial kitchen.
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 property; Built in 2016; Commercial kitchen with stainless preparation areas, professional cooking equipment, and refrigeration
More about this property
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