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Property profile

8 City Ave Ripley, MS 38663

OFF-MARKET
Retail properties & Spaces
10,400 SF 1 ac lot Built 1996
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1996
Total area 10,400 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 City Ave Ripley, MS 38663
Ripley metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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