612 Us Hwy 82 Indianola, MS 38751
This exceptional investment opportunity presents a 3,756-square-foot freestanding restaurant building situated on a substantial 41,596-square-foot lot at 612 US Hwy 82 West in Indianola, Mississippi. Built in 2000, this single-story structure boasts a wood frame with brick masonry and EIFS exterior. Currently occupied by a Pizza Hut restaurant under a lease expiring December 31, 2024, the property offers significant potential for future development or continued operation as a restaurant. The interior features a fully equipped kitchen including walk-in freezer, cooler, and storage, along with designated areas for washing, food prep, cooking, service, and ample dining space, including a private dining area. Two separate bathrooms are also included. The property benefits from its prime location in one of Indianola's most active retail areas, surrounded by major national brands such as McDonald's, Wendy's, Burger King, and Walmart. Additional parking is available within the shopping center. The C3 zoning provides flexibility for future uses. The seller will determine the fate of any remaining furniture or kitchen equipment. This property presents a rare chance to acquire a well-located, established restaurant building with considerable upside potential. The sale price is $399,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.