Property profile

1117 Frontage E Dr Wiggins, MS 39577

OFF-MARKET
Turn key restaurants
Property ID
US50-1325293
2,488 SF Built 2004
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,488 square foot commercial property, located at 1117 E Frontage Drive in Wiggins, Mississippi, presents a unique investment opportunity. Previously operating as a fast-food restaurant, this building boasts excellent highway visibility and convenient access, ensuring high traffic exposure for any future business. The property sits on a 0.49-acre lot, providing ample space for potential expansion or outdoor amenities. While the existing restaurant equipment and signage are being removed (leaving only the sign pole), the building itself is ready for immediate occupancy and offers a multitude of potential uses. A significant advantage is the recently installed flat roof, completed in 2023, eliminating immediate roof replacement concerns and ensuring long-term cost savings. The property's strategic location and adaptable layout make it ideal for a variety of commercial ventures, from retail to office space, or even a complete repurposing. Its easy accessibility and prominent positioning offer a compelling opportunity for entrepreneurs seeking a high-impact location in a growing market. The asking price is $500,000. Serious inquiries are encouraged to explore the possibilities this versatile property offers.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Construction STEEL FRAME
Total area 2,488 SF
APN 107 -25-001.006
UPID US50-1325293

Cap rate & NOI

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

Location

1117 Frontage E Dr Wiggins, MS 39577-8169
Wiggins metro Census 20100 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$685k

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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