Charleston Snack Bar | 120 Main St
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Charleston Snack Bar 120 Main St
2,000 SF Retail Building Charleston, MS 38921 $355,500 CAD ($178 CAD/SF) 24% Cap Rate
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!
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 (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $440,820 | $220.41 |
Other Income | - | - |
Vacancy Loss | $2,065 | $1.03 |
Effective Gross Income | $438,755 | $219.38 |
Taxes | $4,909 | $2.45 |
Operating Expenses | $213,656 | $106.83 |
Total Expenses | $218,564 | $109.28 |
Net Operating Income | $220,191 | $110.10 |
Financial Summary (Actual - 2023)
Gross Rental Income (CAD) | |
---|---|
Annual | $440,820 |
Annual Per SF | $220.41 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | $2,065 |
Annual Per SF | $1.03 |
Effective Gross Income (CAD) | |
---|---|
Annual | $438,755 |
Annual Per SF | $219.38 |
Taxes (CAD) | |
---|---|
Annual | $4,909 |
Annual Per SF | $2.45 |
Operating Expenses (CAD) | |
---|---|
Annual | $213,656 |
Annual Per SF | $106.83 |
Total Expenses (CAD) | |
---|---|
Annual | $218,564 |
Annual Per SF | $109.28 |
Net Operating Income (CAD) | |
---|---|
Annual | $220,191 |
Annual Per SF | $110.10 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
$355,500 CAD
Price Per SF
$178 CAD
Cap Rate
24%
NOI
$85,320 CAD
Business Value
$639,900 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.12 AC
Zoning
Commercial - Commercial Retail
Frontage
150 ft on Main Street
Amenities
- Bus Line
- Corner Lot
- Food Court
- Freeway Visibility
- Property Manager on Site
- Restaurant
- Drive Thru
- Air Conditioning
- Balcony
- On-Site Security Staff
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 060G01015 | Total Assessment | $4,870 CAD |
Land Assessment | $528 CAD | Annual Taxes | $4,909 CAD ($2.45 CAD/SF) |
Improvements Assessment | $4,343 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
060G01015
Land Assessment
$528 CAD
Improvements Assessment
$4,343 CAD
Total Assessment
$4,870 CAD
Annual Taxes
$4,909 CAD ($2.45 CAD/SF)
Tax Year
2023
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Charleston Snack Bar | 120 Main St
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