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Charleston Snack Bar 120 Main St

2,000 SF Retail Building Charleston, MS 38921 £195,613 (£98/SF) 24% Net Initial Yield

Investment Highlights

  • Turn-Key Restaurant Opportunity in Charleston, MS
  • $2,000 per month lease
  • $250,000 Purchase

Executive Summary

The Snack Bar in Charleston, Mississippi, is a beloved local gem offering classic Southern comfort food, a cozy atmosphere, and friendly service. With a variety of snacks, quick bites, and traditional dishes, it’s a go-to spot for both locals and visitors seeking authentic flavors. The business has received positive reviews on Yelp and Google, showcasing its reputation for great food and service. Additionally, it is in the process of being added to the Historic Registry, highlighting its importance to the local community.
This turn-key, income-producing business is available for sale, with utility bills averaging $400 per month. Fully equipped and ready to start making money immediately, the business includes all necessary equipment and has a staff in place that can be retained or modified as the business grows. It also provides custom catering lunches to local businesses in the surrounding area, offering another source of income.
The venue is available for lease for private parties, business events, and other special occasions, providing a versatile space for gatherings. Additionally, possible owner financing is available, making it an excellent opportunity for a buyer ready to hit the ground running. Advance notice is required to tour the property, and a video walkthrough is available online. Don’t miss out on owning or leasing this charming and historic venue in Charleston!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £242,560 £121.28
Other Income - -
Vacancy Loss £1,136 £0.57
Effective Gross Income £241,423 £120.71
Taxes £2,701 £1.35
Operating Expenses £117,563 £58.78
Total Expenses £120,264 £60.13
Net Operating Income £121,159 £60.58

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £242,560
Annual Per SF £121.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £1,136
Annual Per SF £0.57
Effective Gross Income
Annual £241,423
Annual Per SF £120.71
Taxes
Annual £2,701
Annual Per SF £1.35
Operating Expenses
Annual £117,563
Annual Per SF £58.78
Total Expenses
Annual £120,264
Annual Per SF £60.13
Net Operating Income
Annual £121,159
Annual Per SF £60.58

Property Facts

Sale Type
Investment
Sale Conditions
Design & Build
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
£195,613
Price Per SF
£98
Net Initial Yield
24%
NOI
£46,947
Business Value
£352,103
Tenancy
Single
Number of Floors
1
Building FAR
0.37
Lot Size
0.12 AC
Zoning
Commercial - Commercial Retail
Frontage
150 ft on Main Street

Amenities

  • Bus Route
  • Corner Lot
  • Food Court
  • Freeway Visibility
  • Property Manager on Site
  • Restaurant
  • Drive Thru
  • Air Conditioning
  • Balcony
  • On-Site Security Staff

Nearby Major Retailers

Regions Bank
Bumpers Drive-In of America, Inc.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
060G01015
Land Assessment
£290
Improvements Assessment
£2,390
Total Assessment
£2,680
Annual Taxes
£2,701 (£1.35/sf)
Tax Year
2023
  • Listing ID: 33424810

  • Date on Market: 05/10/2024

  • Last Updated:

  • Address: 120 Main St, Charleston, MS 38921

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