419 Dr Martin Luther King Dr Ruleville, MS 38771

Property Details for 419 Dr Martin Luther King Dr

Year built

2018

Lot size

2.19 lot acres

Property size

5,000 SF

Property type

Commercial real estate

Description

This exceptional commercial property, located at 419 E Dr Martin Luther King Drive in Ruleville, Mississippi, presents a lucrative investment opportunity. The main building, constructed in 2018, boasts over 5,000 square feet and is currently leased to a thriving restaurant generating a monthly income of $3,000. The lease is in place and the tenant intends to continue operations. Ample parking is available on the approximately one-acre site, easily accommodating around 50 vehicles. This ensures convenient access for patrons and employees. A significant advantage of this property is the inclusion of an adjacent vacant lot to the south. This additional land parcel offers substantial development potential, providing a unique opportunity to expand the existing business or attract a complementary tenant. Its prime location, with direct highway frontage along Highway 49 near the intersection of Highway 8, guarantees high visibility and accessibility, making it an attractive proposition for a wide range of businesses. The asking price for this turnkey investment is $1,500,000. This property offers a blend of immediate income generation and future growth potential, making it an exceptional addition to any commercial real estate portfolio. The property's size, location, and existing lease make it a strong contender for investors seeking a stable and potentially expanding income stream. The adjacent lot presents a unique opportunity for further development and increased profitability.

Location Insight

City

Ruleville

County

Sunflower

State

Mississippi

Longitude

-90.5471

Latitude

33.7313