Commercial Building

Property Information
Status Active
Address 100 Railroad Ave East
City Magnolia
Price $299,500
Square Footage Range 0
Beds 0
Baths 0
Acreage 0.16
County Pike
School District
LDX MLS Number MS399423
MLS Number 131521
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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 houses 2 spaces, one of which is a Pizza Hut Restaurant that rents a small part of the building for $950/mo. The remaining space consists of a fully equipped restaurant and lounge that just needs someone to start serving meals. This space can be leased for $3,000/month, and is also adaptable for other commercial uses. A 2nd building on East Bay Street (Hwy 48) is situated immediately to the rear and contains 2 office spaces. The west side is currently rented at $350/mo, and the east side is offered at $175/mo. Seller will sell both buildings at a package price of $325,000.

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