Current Use by Public Records
- Retail properties & Spaces
Property Details for 419 Dr. Martin Luther King Dr
- Year built
- 2018
- Property type
- Retail properties & Spaces
Description
This exceptional 5,000 square foot retail property, built in 2018, presents a lucrative investment opportunity in Ruleville, Mississippi. Currently leased to Mexico Grill at a monthly rent of $3,000, with a continuing lease in place, this property offers immediate cash flow. The building is situated at 419 E Dr. Martin Luther King Drive, 38771, and boasts ample parking, accommodating approximately 50 vehicles on an approximately one-acre lot. Its strategic location provides excellent visibility and accessibility. A significant advantage is the inclusion of an adjacent vacant lot to the south, offering direct highway frontage on Highway 49 near the intersection of Highway 8. This presents a unique opportunity for expansion or development of an additional business, significantly increasing the property's overall value and potential return on investment. The asking price for this turnkey retail investment is $1,500,000. This property is ideal for investors seeking a stable, income-generating asset with significant upside potential for future growth. The combination of a strong existing tenant, ample parking, and the adjacent development land makes this a truly compelling investment opportunity in a thriving Mississippi market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ruleville
- County
- Sunflower
- State
- Mississippi
- Longitude
- -90.5426
- Latitude
- 33.7316
