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    1157 Casino Ctr Dr Tunica Resorts, MS 38664

    Sponsored
    For Sale
    $750,000

    Tunica Resorts retail center, value-add opportunity.

    Property size:
    14,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 14,300 square foot, single-story shopping center in Tunica Resorts, MS, presents a compelling value-add investment opportunity. Located at 1157 Casino Center Dr, 38664, this property boasts a prime location at the entrance to five heavily trafficked casinos, benefiting from the significant $450 million investment in the Gold Strike Casino in 2023. Currently featuring three tenants across five units with 50% occupancy and a remaining lease term of 2.3 years, the center offers substantial potential for increased cash flow through lease-up of the vacant space. Built in 1999, the 1-building property sits on a 3.29-acre lot and offers a mix of retail, office, and potential restaurant/flex spaces. The property is in good condition and has been well-maintained by the seller. Its proximity to major highways, national retailers (Dollar Tree, Family Dollar, AutoZone), and a 300-unit apartment complex further enhances its appeal. The asking price is $750,000, translating to $52.45 per square foot. The current Net Operating Income (NOI) is $15,530. Abundant parking is available. This is an ideal opportunity for owner-users or investors seeking to capitalize on the thriving gaming industry and underserved retail market in the area.

    Property Features for 1157 Casino Ctr Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,300 SF
    Lot Size
    143,312 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 50% vacancy allows owner‑user or investor to capitalize on existing income and lease up vacant space for increased cash flow and appreciation.
    • Excellent owner‑user investment opportunity.
    • Lease‑up potential for immediate year‑one cash flow increase.
    • Property meticulously maintained by owner.
    • Property in good condition.
    • Prime location at the entrance to five major casinos; $450 million Gold Strike Casino investment in 2023 demonstrates strong regional gaming commitment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Tunica Resorts
    County
    Tunica
    State
    Mississippi
    Longitude
    -90.280746802824
    Latitude
    34.829640619722

    Nearby Comparable

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    Nearby Similar for Sale

    • Contact for pricing
      182,000 SF

      Casino Shoppes Investment Opportunity

      Tunica Resorts, MS: Multi-Tenant Industrial Complex
      13118 Us-61, Tunica Resorts, MS 38664
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Tunica Resorts retail center, value-add opportunity.
    Where is this lifestyle center located?
    The property is located at 1157 Casino Ctr Dr Tunica Resorts, MS.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 50% vacancy allows owner-user or investor to capitalize on existing income and lease up vacant space for increased cash flow and appreciation.; Excellent owner-user investment opportunity.; Lease-up potential for immediate year-one cash flow increase.
    Request Owner's contact information
    1157 Casino Ctr Dr Tunica Resorts, MS 38664
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1157 Casino Ctr Dr Tunica Resorts, MS 38664
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