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Property profile & analytics
OFF-MARKET
Retail space

815 City S Ave Ripley, MS 38663-2906

5,851 SF 1.35 ac lot Built 1996
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US50-0893116
Property summary
AI-generated overview

This 6,200 square foot retail building, located at 815 City Ave S Building B in Ripley, Mississippi, is available for $1,100,000. Built in 1996, this single-story property sits on one acre of commercially zoned land (APN: instrument #2016002746) and offers a versatile layout ideal for a variety of uses. The space includes several private offices, a private sales booth, a lobby, and ample stock rooms. A notable feature is an existing car paint room, making it well-suited for automotive-related businesses such as a car dealership or equipment dealership. However, its adaptability extends to numerous other possibilities, including a convenience store, liquor store, medical office, restaurant, or professional office space (attorney, doctor). Its prime location makes it particularly attractive for franchise opportunities, such as grocery, restaurant, or convenience store chains. The property is currently vacant, offering immediate occupancy. Note that this property can be sold together with an adjacent mechanic shop (MLS 23-745), with lot and taxes divided at closing. All information is believed to be accurate but is not guaranteed.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Construction FRAME
Total area 5,851 SF
Lot 1.35 ac (58,824 SF)
APN 3-643L-23-165.00
UPID US50-0893116
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
M And F Properties LLC · 9 yrs held
M And F Properties LLC
since 2016
3 recorded transactions
2021
Price N/A
2016
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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