For Sale
$1,500,000

419 Dr Martin Luther King Dr Ruleville, MS 38771

High-Income Generating Restaurant Investment

Overview

Added:
Feb 3
Days on market:
81
This exceptional commercial property, located at 419 E Dr Martin Luther King Drive in Ruleville, Mississippi, presents a lucrative investment opportunity. The main building, constructed in 2018, boasts over 5,000 square feet and is currently leased to a thriving restaurant generating a monthly income of $3,000. The lease is in place and the tenant intends to continue operations. Ample parking is available on the approximately one-acre site, easily accommodating around 50 vehicles. This ensures convenient access for patrons and employees. A significant advantage of this property is the inclusion of an adjacent vacant lot to the south. This additional land parcel offers substantial development potential, providing a unique opportunity to expand the existing business or attract a complementary tenant. Its prime location, with direct highway frontage along Highway 49 near the intersection of Highway 8, guarantees high visibility and accessibility, making it an attractive proposition for a wide range of businesses. The asking price for this turnkey investment is $1,500,000. This property offers a blend of immediate income generation and future growth potential, making it an exceptional addition to any commercial real estate portfolio. The property's size, location, and existing lease make it a strong contender for investors seeking a stable and potentially expanding income stream. The adjacent lot presents a unique opportunity for further development and increased profitability.

Property Details for 419 Dr Martin Luther King Dr

Property type
Commercial real estate
Square Feet
5,000 SF
Year Built
2018
Lot Size (sq. ft)
95,396 SF

Location Insight

City
Ruleville
County
Sunflower
State
Mississippi
Latitude
33.73135
Longitude
-90.54713

FAQs

What type of property is this?
Commercial real estate - High-Income Generating Restaurant Investment
Where is the commercial real estate located?
The property is located at 419 Dr Martin Luther King Dr Ruleville, MS.
What is the asking price?
The asking price for this property is $1,500,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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419 Dr Martin Luther King Dr
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