813 S Parkway St - Auto Dealership FOR SALE


Corinth, MS 38834
$3,979,000 USD
662-415-2770
813 S Parkway St, Corinth, MS for Sale
$3,979,000 USD
Auto Dealership - FOR SALE
1/27
null | Request Cap Rate

813 S Parkway St
Corinth, MS 38834


HIGHLIGHTS

  • Incredible location with 5-way traffic light and large frontage
  • Retail & popular restaurants all around this location
  • Main retail corridor with high traffic count

OVERVIEW

THE most desired retail location in Alcorn County/Corinth, Mississippi! Direct frontage on busy State Highway 72 East and features the benefit of a 5-way traffic light for easy access and visibility. 25k +- daily traffic count. Total square footage 30665+-. Outstanding frontage display lot with up to 300 parking spaces. Recently renovated in 2013 to manufacturer specs including an outstanding 120 foot wide showroom display area. ADA compliant. 6 offices (including a private Owners office with a private half bathroom) attached to the showroom area. Large meeting room as well. Business office includes interior private office for Comptroller as well as room for 3 cubicles and a cashiers area. Customer waiting area for up to 20 people and also features room to display a vehicle. His and hers restrooms (ADA compliant)located in waiting area as well an Employee break room with sink/faucet. Expansive technician shop has room for 18 work bays. Additional detail/clean up area can hold 3 vehicles as well as other attached shop area with room for 2-3 vehicles. 14 total garage doors (3 oversized for RV’s) provide more than sufficient in/out flexibility. Parts department room has more than ample space for inventory storage of parts, tires, and accessories. All areas are air conditioned with exception of the mechanical shop areas. This property has many outstanding possibilities due to its prime highway frontage and location. Think outside the box! RV sales and service superstore, Used car super center, manufactured home sales center, storage or mini storage, motorcycle/atv dealership, boating dealership, outdoor sales, window manufacturing, hotel/motel, heavy equipment/farm machinery sales center, gym, personal services, truck stop, house of worship, flooring sales, bargain bins, etc. Due to its frontage you may wish to sub-divide the frontage for a strip mall or other retail stores. PLEASE READ CAREFULLY: Current monthly lease income is $24,000. ($288,000 yearly). Triple net lease. Possible continuation of lease to be determined and negotiated by the new property owner and Tenant. After sale is closed Tenant will have a 90 day period to completely exit the premises. PLEASE READ CAREFULLY PART 2: Sale includes property and building only. Does NOT include furniture, fixtures, equipment, signage, inventories, franchise agreements, or any automobile business.

FOR SALE DETAILS

PRICE

$3,979,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Brose AutoPlex Dealership Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair, Storefront, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

C-2

APN/PARCEL ID

0903-07-3-01800

ASK ABOUT THIS PROPERTY

Grant BroseBrose Auto GroupMore Info
662-415-2770

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Grant BroseBrose Auto GroupMore Info
662-415-2770

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