3135 US-51 Hwy - Specialty FOR SALE


Summit, MS 39666
$1,585,000 USD
601-810-2104
3135 US-51 Hwy, Summit, MS for Sale
$1,585,000 USD
Specialty - FOR SALE
1/40
null | Request Cap Rate

Jun '26


3135 US-51 Hwy
Summit, MS 39666


HIGHLIGHTS

  • 89 year legacy on Lake Dixie Springs, Loyal Customer Base, Strong Regional Brand
  • Resort Status, Deeded Lake Access
  • Experienced Staff, Owner Transition Assistance, Growing Event Business

OVERVIEW

Presenting The Mallard — a rare opportunity to acquire one of Southwest Mississippi’s most architecturally distinctive restaurant and event venue properties. Designed as a luxury dining and hospitality destination, this impressive commercial asset combines upscale dining space, premier event facilities, expansive commercial kitchen infrastructure, and dramatic architectural character in a serene water view setting. Strategically positioned near a regional lake destination with panoramic water views, The Mallard offers investors, restaurateurs, and hospitality operators a truly unique property capable of supporting multiple revenue streams including fine dining, weddings, private events, corporate gatherings, entertainment, and destination hospitality experiences. From the moment guests arrive, the property delivers a memorable upscale atmosphere highlighted by soaring ceilings, dramatic timber accents, cathedral-inspired architecture, custom lighting, elegant dining spaces, and beautifully designed indoor/outdoor entertaining areas. The venue’s distinctive design creates an experience rarely found in secondary and tertiary hospitality markets throughout the Southeast. The commercial kitchen is exceptionally well-equipped with extensive stainless preparation areas, professional-grade cooking equipment, refrigeration systems, and large-scale service capacity suitable for high-volume operations, catering, and special events. The property features multiple dining and gathering spaces, including: Main dining room with vaulted ceilings Upscale bar and lounge area Private event and banquet spaces Outdoor courtyard and entertainment areas Flexible reception and cocktail spaces Commercial catering/event support infrastructure The outdoor entertainment courtyard provides an exceptional setting for weddings, receptions, live entertainment, and upscale outdoor dining experiences. Additional support structures and service areas enhance operational flexibility and event capacity. The Mallard is ideally suited for: Luxury restaurant concept Wedding and event venue Corporate retreat destination Boutique hospitality concept Entertainment venue Private club or membership venue Mixed hospitality/event operation Destination dining experience This is a rare chance to acquire a fully developed hospitality asset with strong branding potential, architectural significance, and immediate operational capability in a growing regional market. Investment Highlights Luxury restaurant and event venue Unique architectural design and branding appeal Panoramic water views Multiple revenue stream potential Extensive commercial kitchen infrastructure Indoor and outdoor event capability Destination-style atmosphere Strong hospitality conversion flexibility Ample parking and support facilities Rare turnkey hospitality investment opportunity The Mallard represents more than commercial real estate — it is a fully immersive hospitality experience positioned for regional destination appeal and long-term investment value. For additional information, financials, private tours, and offering details, contact Chuck Paulk - Broker Owner of Berkshire Hathaway HomeServices – Cabin & Creek Real Estate.

FOR SALE DETAILS

PRICE

$1,585,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mallard - Lake Dixie Springs

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

18.24 AC

LAND SF

794,534 SF

ZONING

Resort Status (2.02 Ac)

APN/PARCEL ID

712520-B

ASK ABOUT THIS PROPERTY

Chuck PaulkBerkshire Hathaway HomeServices Cabin & CreekMore Info
601-810-2104

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Chuck PaulkBerkshire Hathaway HomeServices Cabin & CreekMore Info
601-810-2104

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.