112 Elizabeth St Picayune, MS 39466-4402
This exceptional 5,043 square foot commercial property located at 112 Elizabeth Street in Picayune, Mississippi, presents a unique investment opportunity. Situated in a high-traffic area just steps from downtown, this turnkey restaurant and entertainment venue is being offered for sale due to the owner's retirement. The property boasts a fully functional kitchen equipped with high-end commercial appliances including a triple-door cooler, double-door freezer, ice machine, two commercial gas fryers, a 48-inch gas griddle, a newly updated 6-foot overhead hood vent, stainless steel refrigerated and sandwich prep tables, a triple sink, and two 3-compartment hot/cold wells. The spacious layout comfortably seats up to 100 guests, making it ideal for live music, parties, and private events. Adding to its appeal are four double axe throwing lanes, enhancing the entertainment options. The building also features a convenient roll-top garage door at the rear for easy deliveries, two public restrooms, and one employee restroom. Technological amenities include a 72-inch TV and two 50-inch TVs. Further revenue streams are generated through shared profit agreements with an amusement company for various games including a jukebox, two pool tables, a punching machine, an ATM, a claw machine, and a pinball machine. The property sits on a 0.11-acre lot and is priced at $729,000. This established business offers immediate positive revenue and significant daily cash flow, representing a compelling investment opportunity for a discerning buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.