1530 Constitution Dr Iuka, MS 38852
This established Iuka, Mississippi restaurant, located at 1530 Constitution Dr, is for sale for $185,000. The property, situated on a 0.62-acre lot (APN: 1006-04-13-053-02), features a single-story, 1970-built building with commercial zoning. The sale includes all existing equipment, presenting a turnkey opportunity for a new owner. Alternatively, the space is ready for a new restaurant concept. Recent upgrades include a new roof, HVAC system, and hot water heater (installed in 2016). The property boasts a prime location, enjoying high traffic volume due to its proximity to a significant industrial park, elementary school, sports complex, ball fields, and the downtown area. The building is ready for immediate occupancy, with an anticipated occupancy date of June 28, 2024. This is an owner/user investment opportunity in a thriving Mississippi community. The property is being sold by the owner.
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
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.