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    419 Dr. Martin Luther King Dr Ruleville, MS 38771

    Sponsored
    For Sale
    $1,500,000

    5,000 SF Retail Building, High Traffic Area

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,000 square foot retail property, built in 2018, presents a lucrative investment opportunity in Ruleville, Mississippi. Currently leased to Mexico Grill at a monthly rent of $3,000, with a continuing lease in place, this property offers immediate cash flow. The building is situated at 419 E Dr. Martin Luther King Drive, 38771, and boasts ample parking, accommodating approximately 50 vehicles on an approximately one-acre lot. Its strategic location provides excellent visibility and accessibility. A significant advantage is the inclusion of an adjacent vacant lot to the south, offering direct highway frontage on Highway 49 near the intersection of Highway 8. This presents a unique opportunity for expansion or development of an additional business, significantly increasing the property's overall value and potential return on investment. The asking price for this turnkey retail investment is $1,500,000. This property is ideal for investors seeking a stable, income-generating asset with significant upside potential for future growth. The combination of a strong existing tenant, ample parking, and the adjacent development land makes this a truly compelling investment opportunity in a thriving Mississippi market.

    Property Features for 419 Dr. Martin Luther King Dr

    General Information

    Property type
    Retail properties
    Square Feet
    5,000 SF

    Building Details

    Year Built
    2018

    HighLights

    • $1,500,000 asking price.
    • 5,000 square foot retail building.
    • Built in 2018.
    • Located at 419 E Dr. Martin Luther King Drive, Ruleville, MS 38771.
    • Currently leased to Mexico Grill at $3,000 per month.
    • Ample parking for approximately 50 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ruleville
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.5426418
    Latitude
    33.7315926

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    FAQs

    What type of property is this?
    Retail property - 5,000 SF Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 419 Dr. Martin Luther King Dr Ruleville, MS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 5,000 square foot retail building.; Built in 2018.
    Request Owner's contact information
    419 Dr. Martin Luther King Dr Ruleville, MS 38771
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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
    419 Dr. Martin Luther King Dr Ruleville, MS 38771
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