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    8 City Ave Ripley, MS 38663

    Sponsored
    For Sale
    $800,000

    10,400 SF Retail/Auto Shop, $800K

    Property size:
    10,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Ripley, MS commercial property, located at 8 City Ave S, offers 10,400 square feet of versatile space on a one-acre lot (APN: instrument #2016002746). The property includes two single-story buildings totaling 10,400 square feet, built in 1996, and zoned for commercial use. One building features 6200 square feet of retail space, complete with several offices, private sales booths, stock rooms, and a car paint room. The second building comprises 4200 square feet of mechanic shop space, including six bays, an oil separator, and an inside paint dryer room. This layout is ideal for an auto dealership, but the adaptable design also suits a variety of uses. The main building's spacious layout is well-suited for a medical clinic, restaurant, professional office (attorney, doctor), liquor store, convenience store, RV or boat dealership, or drugstore. Its prime location across from a Walmart Supercenter makes it an excellent opportunity for a franchise or chain establishment, including grocery, drugstore, convenience store, or restaurant operations. The asking price is $800,000 ($76.92/sq ft). The property is available for occupancy on April 30, 2023. All information is believed to be accurate but is not guaranteed.

    Property Features for 8 City Ave

    General Information

    Property type
    Restaurants
    Square Feet
    10,400 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1996
    Buildings
    2
    Stories
    1

    HighLights

    • $800,000 asking price for a 10,400 SF retail property in Ripley, MS.
    • Owner‑user investment opportunity with a $76.92/SF price.
    • Property features two 1‑story buildings totaling 10,400 square feet on a 1‑acre lot, built in 1996.
    • Includes a 6,200 SF retail space with a paint room and a 4,200 SF mechanic shop with six bays and an oil separator.
    • Located across from a Walmart Supercenter, with permitted commercial zoning and APN instrument #2016002746.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Tippah
    State
    Mississippi
    Longitude
    -88.9466065
    Latitude
    34.7303031

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    FAQs

    What type of property is this?
    Restaurant - 10,400 SF Retail/Auto Shop, $800K
    Where is this restaurant located?
    The property is located at 8 City Ave Ripley, MS.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for a 10,400 SF retail property in Ripley, MS.; Owner-user investment opportunity with a $76.92/SF price.; Property features two 1-story buildings totaling 10,400 square feet on a 1-acre lot, built in 1996.
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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
    8 City Ave Ripley, MS 38663
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