2104 Airport Fernwood RdMcComb, MS 39648

Property Details for 2104 Airport Fernwood Rd

Year built

2012

Lot size

1.32 AC

Property size (Sq ft)

7,617 SF

Property type

Turn key restaurants

APN

362198-G

APU

362198G

Description

This exceptional restaurant opportunity in McComb, Mississippi, presents a turnkey operation ready for immediate profit. Located at 2104 Airport Fernwood Rd, this 15,000 square foot establishment, built in 2008, sits on a 1.32-acre lot and boasts ample parking with 200 spaces. The property features one loading dock, making logistics efficient. The restaurant's established reputation and loyal customer base, drawing patrons from a wide radius, ensures a strong foundation for continued success. All existing stock and inventory are included in the sale price of $850,000, significantly below appraised value for the building and land alone. This presents a rare chance to acquire a thriving business with immediate earning potential. The property's APN is 362198-G. Owner financing is available with a down payment, making this an attractive investment opportunity. The property is zoned for retail use and is ideally situated in a high-growth area of Pike County, Mississippi, zip code 39648. This is a remarkable chance to own a well-established, profitable restaurant with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,750

  6.5%

  $1,117,620

  7%

  $1,037,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $604,273

  Geo Method

  $563,152

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,172,080

  Mixed-Use / Specialty

  $1,116,620

  Hospitality / Lodging

  $823,112

  Office

  $1,113,090

  Institutional / Educational

  $1,161,900

  Residential Income

  $1,359,420

  Multifamily

  $1,613,870

  Automotive / Energy

  $995,913

  Parking / Income-Based Land

  $340,729

  Restaurant / Food Service

  $587,131

  Healthcare / Senior Housing

  $1,142,010

Location Insight

City

Mccomb

County

Pike

State

Mississippi

Latitude

31.189

Longitude

-90.4705

CBSA code

32620

CBSA name

MCCOMB, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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