813 N Broadway St

Greenville, MS
$ 185,000 Beds 3 Baths 0
Monthly Estimate* How much can I afford?

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. NO REASONABLE OFFER REFUSED!

Commercial

  • Price
  • $ 185,000
  • Lot Size
  • Bedrooms
  • 3
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Greenville
  • County
  • WASHINGTON
  • Style
  • Business
  • Area
  • Washington
  • MLS#
  • 309505
  • Zip
  • 38701
Listing Provided by: Tom Smith Land & Homes
Data Source: Central Mississippi REALTORS (CMRMLS)

Features

General

Flooring Ceramic Tile, Other, Wood

Exterior Features

Latitude 33.420842
Longitude -91.048083

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Flowood, MS office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/10/2020 Listed $185,000

Property vs Zip Code Average in 38701

Price
AVG $190K
$190K
Visits
AVG 39
38
Walkscore
AVG 21
36
Data Provided by Walkscore ® not using MLS data

Map

813 N Broadway St Greenville, MS is a Single Family Home for sale at $185000 and a lot size of Acre(s). 813 N Broadway St Greenville has 3 bedrooms, 0 baths . The property's zip code is 38701 which is in Greenville, MS

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.