Property profile

1143 Hwy 42 Sumrall, MS 39482

OFF-MARKET
Turn key restaurants
Property ID
US50-0617934
2,688 SF 2.5 ac lot Built 1988
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Sumrall, MS property offers a thriving, fully-equipped restaurant on a spacious 2.5-acre lot. The 2,688 square foot main building boasts a loyal customer base and is ready for immediate operation. A secondary smaller building presents versatile options: a supplementary business, an efficiency apartment, or additional storage. The expansive lot provides ample room for future development or expansion, making this a truly unique opportunity. The property's B1 and B2 zoning allows for a wide range of potential uses beyond its current configuration. Imagine converting this space into an office building, medical facility, or law office – the possibilities are extensive. The flexible layout and generous land area offer significant potential for growth and adaptation to various business needs. This turnkey operation, combined with the significant land, presents a rare investment opportunity in a desirable location. The property is located at 1143 Highway 42, Sumrall, MS and is priced at $849,500. Don't miss this chance to acquire a well-established business with significant upside potential.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Construction STEEL FRAME
Total area 2,688 SF
Lot 2.5 ac (108,900 SF)
APN 113M-07-037.000
UPID US50-0617934

Cap rate & NOI

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

Location

1143 Hwy 42 Sumrall, MS 39482
Sumrall metro Census 20101 HATTIESBURG, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
1 recorded transaction
2017
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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