1143 Highway 42Sumrall, MS 39482

Property Details for 1143 Highway 42

Year built

1988

Construction

STEEL FRAME

Lot size

2.50 AC

Property size (Sq ft)

2,688 SF

Property type

Turn key restaurants

APN

113M-07-037.000

APU

113M07037000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $568,898

  6.5%

  $525,137

  7%

  $487,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,708

  Geo Method

  $481,547

• Alternative Use

  Use

  Valuation

  Residential

  $442,973

  Hospitality

  $405,761

  Educational

  $337,588

  Medical

  $349,198

  Retail

  $525,137

Location Insight

City

Sumrall

County

Lamar

State

Mississippi

Latitude

31.4171

Longitude

-89.5477

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].