Current Use by Public Records
- Retail properties & Spaces
Property Details for 508 Depot Ave
- Year built
- 1970
- Lot size
- 1.00 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional turnkey retail property, located at 508 S Depot Avenue in Kilmichael, Mississippi, presents a unique investment opportunity. Situated on a highly visible corner lot at the intersection of South Depot Avenue and Highway 413, this 2,304 square foot building boasts a fully operational gas station with brand new gas pumps and a well-equipped convenience store. The property also includes a fully renovated kitchen and dining area, complete with all necessary appliances, ready for immediate restaurant use. A significant advantage is the inclusion of a walk-in beer cooler, already stocked and prepared for operation, minimizing setup time and maximizing immediate revenue potential. The property sits on one acre of land, providing ample space for potential expansion or outdoor seating. The asking price for this turnkey operation is $285,000, representing a compelling opportunity for immediate income generation and future growth in a prime commercial location. This is a rare chance to acquire an established business with significant upside potential in a thriving Mississippi market. The property's strategic location and complete operational readiness make it an ideal investment for savvy entrepreneurs seeking a quick return on investment. All equipment and inventory are included in the sale price, making this a truly turnkey operation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kilmichael
- County
- Montgomery
- State
- Mississippi
- Longitude
- -89.5646
- Latitude
- 33.438
