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Investment Highlights

  • Corner location with excellent visibility.
  • Strategic Location Between Schools and Lake.

Executive Summary

LAKEWAY - Prime Grenada Lake Commercial Corner - Convenience Store, Bait Shop, Laundromat, Garage, & ±7,000 Square Foot Retail/Multi-Use Income Property
Positioned in the HIGHLY-VISIBLE CORNER at the intersection of Highway 8 and Scenic Loop 333, the main route leading to Grenada Lake, this ±2 ACRE property offers a rare mix of CONSISTENT LOCAL TRAFFIC and strong seasonal draw from LAKE VISITORS.
LAKEWAY is a well-established commercial site designed for multiple revenue streams, featuring a ±3,287 square foot convenience store with SIX fueling positions, a bait and tackle shop, a NEWLY RENOVATED ±7,000 square foot RETAIL building, a LAUNDROMAT, and a ±560 square foot ENCLOSED GARAGE with rollup door ideal for service, storage, or expansion. The property includes approximately 9,000 square feet of pavement providing ample parking for customers, lake traffic, and large vehicles with boats.
This IDEAL LOCATION provides the closest fueling station to the main entrance of Grenada Lake and its close proximity to both the lower and upper elementary schools ensures steady weekday traffic. Its direct access to Scenic Loop 333 going to the lake makes it a PRIME STOP for those fishing, boating, and enjoying recreational activities on and around the lake.
PROPERTY HIGHLIGHTS:
· Corner Location
· Excellent Visibility
· ±2 Acres (expansive lot)
· ±3,287 SF Convenience Store + 6 Fueling Positions
· ±7,000 SF Retail Building (flexible use)
· Bait & Tackle Shop (ideal for lake traffic)
· Laundromat (recurring income stream)
· ±560 SF Garage / Service / Storage Building with Rollup Door
· ±9,000 SF Concrete Parking Area
· Strategic Location Between Schools and Lake
INVESTMENT APPEAL:
This is a true DIVERSIFIED INCOME-PRODUCING ASSET. The addition of a laundromat provides steady, low-labor revenue, complementing fuel sales, retail, and tourism-driven traffic from Grenada Lake.
Whether you're an investor seeking reliable cash flow or an operator looking to maximize a high-traffic corner, LAKEWAY provides a prime location with consistent, strong performance.

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
12,710 SF
Building Class
C
Year Built
1977
Price
$2,250,000
Price Per SF
$177.03
Building Height
1 Story
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
102Y-09-024.00
Land Assessment
$3,000
Improvements Assessment
$35,095
Total Assessment
$38,095
  • Listing ID: 40347896

  • Date on Market: 4/30/2026

  • Last Updated:

  • Address: 197 Scenic Loop 333, Grenada, MS 38901

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