8 City Ave Ripley, MS 38663
This Ripley, MS commercial property, located at 8 City Ave S, offers 10,400 square feet of versatile space on a one-acre lot (APN: instrument #2016002746). The property includes two single-story buildings totaling 10,400 square feet, built in 1996, and zoned for commercial use. One building features 6200 square feet of retail space, complete with several offices, private sales booths, stock rooms, and a car paint room. The second building comprises 4200 square feet of mechanic shop space, including six bays, an oil separator, and an inside paint dryer room. This layout is ideal for an auto dealership, but the adaptable design also suits a variety of uses. The main building's spacious layout is well-suited for a medical clinic, restaurant, professional office (attorney, doctor), liquor store, convenience store, RV or boat dealership, or drugstore. Its prime location across from a Walmart Supercenter makes it an excellent opportunity for a franchise or chain establishment, including grocery, drugstore, convenience store, or restaurant operations. The asking price is $800,000 ($76.92/sq ft). The property is available for occupancy on April 30, 2023. All information is believed to be accurate but is not guaranteed.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.