TEN-X Auction July 29 - 31: Former Western Sizzlin Magee MS

Retail-Commercial for Sale
Auction
Catylist Listing ID: 30439826
Property Subtypes: Restaurant
Building Size (RSF): 6,179 SF
Gross Building Area: See Agent
Sale Price: $200,000
Unit Price: $32.37 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Up For Auction: Yes
Auction Type: Absolute
Cap Rate: Undisclosed
Last Updated: 9/5/2019

Overview / Comments

This full service restaurant was previously operated by Western Sizzlin since 1978. This restaurant has 7 full size booths, 10 mini booths, 3 buffet islands, 2 drink fountains, full size dishwasher and more! All furnishings and fixtures will remain. Property benefits from US Highway 49 Traffic Count of 23,000 vehicles per day. Numerous National Retail tenants nearby.

LINK TO AUCTION July 29-31st
https://tinyurl.com/yys3wtok

Additional Details

Nearest MSA: Jackson
County: Simpson
Tax ID/APN: 4183B000070016600200
Retail Clientele: General, Traveler
Property Visibility: Excellent
Largest Nearby Street: US 49
Highway Access: Directly located off of Highway 49 in Magee.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1978
Construction/Siding: Brick
Total Parking Spaces: 84
Zoning Description: C-3, Major thoroughfares commercial district

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 790 5,959 10,169
Median Age: 36.22 33.89 36.34
Households: 372 2,188 3,811
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