203 Commerce St - Restaurant FOR SALE


Tupelo, MS 38804
$1,100,000 USD
662-842-8283
203 Commerce St, Tupelo, MS for Sale
$1,100,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

203 Commerce St
Tupelo, MS 38804


HIGHLIGHTS

  • Downtown Tupelo is a pedestrian-friendly environment featuring design elements designed to encourage walking and bike traffic.

OVERVIEW

Great turn-key restaurant (2,936 SF) and meeting/party venue (2,733 SF). Both buildings were renovated in 2017. The property has been home to the BBQ-by-Jim restaurant, which has been a staple and landmark Tupelo business for decades. The private parking lot offers 32 parking spaces, with overflow parking into several public parking areas. Downtown Tupelo is a pedestrian-friendly environment featuring design elements designed to encourage walking and bike traffic. Neighbors include professional office users of every kind, restaurants, and retailers; as well as several residential projects for owners and tenants. Located in the Tupelo Central Business District across the street from the Cadence Arena and Conference Center, a nationally-recognized event venue which regularly accommodates 8,000 to 10,000 attendees for sporting events and concerts among other events. The property is visible from Main Street which is one of Tupelo's primary commercial corridors, and lies within .25 mile of US Hwy 45 providing N and S traffic throughout the State and beyond.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Arena Venue and Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

MUD

APN/PARCEL ID

089L-32-013-01

ASK ABOUT THIS PROPERTY

Clay ShortTRI Inc/RealtorsMore Info
662-842-8283

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Clay ShortTRI Inc/RealtorsMore Info
662-842-8283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.