Property profile

112 Elizabeth St Picayune, MS 39466

OFF-MARKET
Retail space
Property ID
US50-0800345
4,976 SF 12.9 ac lot Built 1987
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 4,976 SF
Lot 12.9 ac (561,924 SF)
APN 6175150010504401
UPID US50-0800345

Cap rate & NOI

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

Location

112 Elizabeth St Picayune, MS 39466-4402
Picayune metro Census 950702 PICAYUNE, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2008
Price N/A

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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