Commercial Property

Property Information
Status Active
Address 100 Railroad Ave East
City Magnolia
Price $325,000
Square Footage Range 0
Beds 0
Baths 0
Acreage 0.19
County Pike
School District
LDX MLS Number MS394782
MLS Number 131511
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Property Description

Great commercial opportunity! Whether you're an investor looking for income, or you want a prime location to operate your own business, this property has tons of possibilities. The corner location boasts an average daily traffic count of 7,500, and consists of 2 buildings with 4 rental spaces. The main building at 100 E. Railroad Ave. includes an operating Pizza Hut Restaurant paying $950/mo, and a fully equipped restaurant and lounge that just needs someone to start serving meals. The restaurant space can be leased for $3,000/month, and it is also adaptable to other commercial use. The 2nd building, at on East Bay Street (Hwy 48) contains 2 office spaces, one of which is currently rented at $350/mo, and the other offered at $175/mo. Owner is also willing to sell the buildings separately - $299,500 for the restaurant building, and $37,500 for the neighboring office building.



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