1041 Us-61 Tunica, MS 38676
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1041 Us-61
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This well-maintained Class B retail strip center in Tunica, MS, presents a compelling value-add investment opportunity. Located on the high-traffic US-61 Highway at Beat Line Road, the property boasts 95% occupancy with steady tenants in a thriving commercial area. The center benefits from excellent visibility and accessibility, attracting both local residents and tourists. Current tenants cover their own utilities, minimizing owner expenses to taxes and insurance only. One vacant unit offers potential for increased cash flow through new lease agreements. This property offers a strong, consistent rental income stream, making it an ideal addition to any investment portfolio. The strategic location, low ownership costs, and opportunity for growth combine to create a highly attractive investment prospect in Tunica's growing commercial sector. The asking price is $1,400,000. This convenience store-anchored center is a proven performer with a history of reliable income generation. The property's location within a busy retail corridor ensures continued high foot traffic and visibility, contributing to its strong tenant occupancy and rental income. The opportunity to lease the vacant unit presents a clear path to enhance the property's overall profitability and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tunica
- County
- Tunica
- State
- Mississippi
- Longitude
- -90.3753
- Latitude
- 34.6841
