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    108 Commerce St Ripley, MS 38663

    Sponsored
    For Sale
    $399,900

    Turn-key restaurant, 5,746 sq ft, $399,900

    Property size:
    5,746 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 108 S Commerce in Ripley, Mississippi, 38663, presents a unique investment opportunity. The almost 6,000 square foot building, situated on a 4,791 square foot lot, boasts a rich history, dating back to 1916. Substantially updated and remodeled in 2006, this two-story structure currently operates as a fully equipped, turn-key restaurant, just off the town square. The interior features two main floor restrooms, a striking ornate staircase with wrought iron railings, and attractive exposed brick walls, adding to its character and charm. A fully functional kitchen is included, complete with an Ansel system, hoods, small wares, tables, chairs, and a walk-in cooler. All equipment is included in the sale price of $399,900. The property is classified as Special Purpose Land and offers significant potential for various commercial uses. While the information provided is believed to be accurate, it is not guaranteed. This is a rare opportunity to acquire a piece of Ripley's history and establish a thriving business. The property's prime location and existing infrastructure make it an attractive investment for discerning buyers. The building's size and layout offer flexibility for a variety of commercial ventures.

    Property Features for 108 Commerce St

    General Information

    Property type
    Land
    Square Feet
    5,746 SF

    HighLights

    • Asking price: $399,900
    • Property type: Commercial land, Special Purpose; 5,746 square feet
    • Lot size: 4,791 square feet
    • Located at 108 S Commerce, Ripley, MS 38663
    • Features a 5,746 SF, two‑story building, previously a restaurant, with full kitchen equipment included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    OTHER
    State
    Mississippi
    Longitude
    -88.9484863
    Latitude
    34.7299575

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    FAQs

    What type of property is this?
    Land - Turn-key restaurant, 5,746 sq ft, $399,900
    Where is this land located?
    The property is located at 108 Commerce St Ripley, MS.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Asking price: $399,900; Property type: Commercial land, Special Purpose; 5,746 square feet; Lot size: 4,791 square feet
    Request Owner's contact information
    108 Commerce St Ripley, MS 38663
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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

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    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
    108 Commerce St Ripley, MS 38663
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