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    815 City Ave Ripley, MS 38663

    For Sale
    $400,000

    4,000 SF Multi-Use Building, $400K

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4,000-square-foot retail property, located at 815 City Ave S in Ripley, Mississippi, presents a unique investment opportunity. Situated on a one-acre lot (APN: instrument #2016002746), this single-story building, constructed in 1996, is currently vacant and zoned for commercial use. The asking price is $400,000, translating to $100 per square foot. Previously utilized as a mechanic's shop, the property boasts an oil separator and paint dryer room, making it ideal for automotive-related businesses. However, its versatile layout offers significant potential for diverse retail ventures. Imagine six smaller units, housing a coffee shop, sandwich/pizza restaurant, small drug store, or vending machine business. Alternatively, the space could easily accommodate a liquor store or hair salon. The property is being sold as an owner/user investment. The sale includes the division of the lot and taxes at closing. While the property can be sold with an adjacent larger building, this listing focuses solely on the 4,000 square foot building detailed here. All information is believed to be accurate but is not guaranteed. This is a rare chance to acquire a versatile commercial property in a prime Ripley location. The property's adaptability and strategic location make it an attractive investment for both established businesses and entrepreneurs seeking a foothold in a thriving market.

    Property Features for 815 City Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    4,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1996
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Tippah
    State
    Mississippi
    Longitude
    -88.95008047
    Latitude
    34.72233019

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    FAQs

    What type of property is this?
    Automotive property - 4,000 SF Multi-Use Building, $400K
    Where is this automotive property located?
    The property is located at 815 City Ave Ripley, MS.
    What is the asking price?
    The asking price for this property is $400,000.
    Request Owner's contact information
    815 City Ave Ripley, MS 38663
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    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

    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
    815 City Ave Ripley, MS 38663
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