23 Us-51 Hernando, MS 38632
This exceptional C-Class hospitality property, located at 23 US-51 in Hernando, Mississippi (zip code 38632), presents a lucrative investment opportunity. The 2,363 square foot building sits on a 0.98-acre lot and is currently operating as a successful seafood restaurant, boasting 100% occupancy. Built in 2018 (with renovations completed that same year), this single-story structure features a single unit and is zoned C-4, allowing for a variety of retail uses. The property is offered for sale by owner at $750,000 with a NNN lease type. Its prime location offers easy access to I-69 and I-55, ensuring high visibility and convenient access for customers. The property's strong performance and desirable location make it an ideal investment for both seasoned restaurateurs and new entrepreneurs seeking to establish a thriving business in a vibrant community. The sale includes the building and 0.98 acres of land (APN: 308101230 0000100). The current tenant's lease expires December 1st, 2024.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.