For Sale
$1,500,000

419 Dr. Martin Luther King Dr Ruleville, MS 38771

5,000 SF Retail Building, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 5,000 square foot retail property, built in 2018, presents a lucrative investment opportunity in Ruleville, Mississippi. Currently leased to Mexico Grill at a monthly rent of $3,000, with a continuing lease in place, this property offers immediate cash flow. The building is situated at 419 E Dr. Martin Luther King Drive, 38771, and boasts ample parking, accommodating approximately 50 vehicles on an approximately one-acre lot. Its strategic location provides excellent visibility and accessibility. A significant advantage is the inclusion of an adjacent vacant lot to the south, offering direct highway frontage on Highway 49 near the intersection of Highway 8. This presents a unique opportunity for expansion or development of an additional business, significantly increasing the property's overall value and potential return on investment. The asking price for this turnkey retail investment is $1,500,000. This property is ideal for investors seeking a stable, income-generating asset with significant upside potential for future growth. The combination of a strong existing tenant, ample parking, and the adjacent development land makes this a truly compelling investment opportunity in a thriving Mississippi market.

Highlights

  • $1,500,000 asking price.
  • 5,000 square foot retail building.
  • Built in 2018.
  • Located at 419 E Dr. Martin Luther King Drive, Ruleville, MS 38771.
  • Currently leased to Mexico Grill at $3,000 per month.
  • Ample parking for approximately 50 vehicles.

Property Details for 419 Dr. Martin Luther King Dr

Property type
Retail properties
Square Feet
5,000 SF
Year Built
2018

Location Insight

City
Ruleville
County
Sunflower
State
Mississippi
Latitude
33.7315926
Longitude
-90.5426418

FAQs

What type of property is this?
Retail property - 5,000 SF Retail Building, High Traffic Area
Where is the retail property 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.
What are key features of this property?
This property features: $1,500,000 asking price.; 5,000 square foot retail building.; Built in 2018.
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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