400 Main Ave Magee, MS 39111
This exceptional 1,222 square foot retail property, situated on a 0.25-acre corner lot in Magee, Mississippi, presents a remarkable investment opportunity. Located at 400 S Main Avenue, the property boasts excellent visibility and high traffic flow, making it ideal for a variety of businesses. Previously operating as a Sonic Drive-In, the building comes equipped with all the necessary equipment to immediately launch a fast-food restaurant, significantly reducing start-up costs and time. The convenient corner lot provides easy ingress and egress from two sides, ensuring seamless customer access. Additional benefits include covered parking, enhancing the customer experience and providing shelter from the elements. The property's prime location and existing infrastructure offer significant potential for a thriving business venture. This is a turnkey opportunity for an entrepreneur looking to establish a successful enterprise in a high-traffic area. The building's existing layout and equipment provide a solid foundation for immediate operation, minimizing initial investment and maximizing return. The ample parking and convenient access points contribute to a positive customer experience, fostering repeat business and growth. Don't miss this chance to acquire a well-positioned retail space with significant upside potential. The asking price is $170,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.