Commercial Building

Property Information
Status Active
Address Bay Street East
City Magnolia
Price $37,500
Square Footage Range 0
Beds 0
Baths 0
Acreage 0.03
County Pike
School District
LDX MLS Number MS399422
MLS Number 131519
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-90.45772000561092,31.143288027427495,-90.45759531576671,31.14324326243881,-90.45764231478611,31.143143481804298,-90.45776822501152,31.143190542482444

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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 location boasts an average daily traffic count of 7,500, and the building is configured to house 2 separate occupants. The west side is currently rented for $350/mo, and the east side is offered at $175/mo. The quoted lot size is approximate - exact dimensions will have to be determined by a survey or an abstractor. Seller also owns the commercial building at 100 East Railroad Avenue that currently houses a Pizza Hut Restaurant, immediately west of this property. Pizza Hut generates monthly rent of $950, and the remaining space houses a large, fully equipped restaurant and lounge that can be leased for $3,000/month. The restaurant space could also be adapted to other commercial use. ALL INTERIOR PHOTOS ARE FROM THE ADDITIONAL BUILDING. Both properties can be bought in a package deal at $325,000.

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