813 N Broadway St

    Greenville, MS 38701
    • $165,000
    • STATUS: Active
    • ON SITE: 136 days
    • MLS #: 309505
    UPDATED: 9 min ago
    $165,000
    • 3
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    This is a unique investment opportunity in Washington County, MS. McGaugh Grocery is an established convenience store that has been in business since 1982. It offers a full line of grocery and deli items, frozen foods, cold drinks, along with minnows, worms and other bait and tackle. Fully equipped kitchen and dining area that are currently used for serving breakfast and lunch daily. Equipment ($30,000 +/-) and inventory ($12,000 +/-) are included with the sale. This area could easily be closed off and redesigned for other uses such as leasing to other vendors. Under the same roof, find a 3 bedroom, 2 bathroom apartment. The owners currently occupy this, but it could be rented out for additional $8000 - $11000 per year income. There is also a 1 bedroom, 1 bath apartment that is not currently being rented, but would potentially yield an additional $6000 per year in income. Whether you choose to hire management, or operate the business yourself, you could easily own and manage while living on site, or lease the two apartments for additional income. Current capitalization rate is 21%, and this doesn't include income from apartment rent. The store is located on a 4 lane highway in North Greenville. There are lots of industries and homes in the area which drive business and keep traffic steady. The manufacturing facility across the street keeps the breakfast and lunch line busy daily, and Lake Furgeson keeps the fishing tackle moving off the shelves.

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    © 2018 Multiple Listing Service of Jackson, Miss, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS of Jackson or Lee Garland | RE/MAX Alliance. Data last updated: 2018-10-22T18:24:34.787.
    www.buy601.com/homes/84375570

    813 N Broadway St Greenville, MS 38701

    • Price: $165,000
    • Status: Active
    • Updated: 9 min ago
    • MLS #: 309505
    3
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    Washington
    Area:
    Greenville
    Property Description
    This is a unique investment opportunity in Washington County, MS. McGaugh Grocery is an established convenience store that has been in business since 1982. It offers a full line of grocery and deli items, frozen foods, cold drinks, along with minnows, worms and other bait and tackle. Fully equipped kitchen and dining area that are currently used for serving breakfast and lunch daily. Equipment ($30,000 +/-) and inventory ($12,000 +/-) are included with the sale. This area could easily be closed off and redesigned for other uses such as leasing to other vendors. Under the same roof, find a 3 bedroom, 2 bathroom apartment. The owners currently occupy this, but it could be rented out for additional $8000 - $11000 per year income. There is also a 1 bedroom, 1 bath apartment that is not currently being rented, but would potentially yield an additional $6000 per year in income. Whether you choose to hire management, or operate the business yourself, you could easily own and manage while living on site, or lease the two apartments for additional income. Current capitalization rate is 21%, and this doesn't include income from apartment rent. The store is located on a 4 lane highway in North Greenville. There are lots of industries and homes in the area which drive business and keep traffic steady. The manufacturing facility across the street keeps the breakfast and lunch line busy daily, and Lake Furgeson keeps the fishing tackle moving off the shelves.
    Exterior Features

    Foundation ConcreteSlab Type Business

    Interior Features

    Flooring Ceramic TileWoodOther

    Property Features

    Business Subcategory Restaurant Financing CashConventionalOther

    Listing provided courtesy of Heath Daniels of Tom Smith Land & Homes. © 2018 Multiple Listing Service of Jackson, Miss, Inc. All rights reserved.
    © 2018 Multiple Listing Service of Jackson, Miss, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS of Jackson or Lee Garland | RE/MAX Alliance. Data last updated: 2018-10-22T18:24:34.787.
     
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