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Luxury Restaurant • Event Venue • Hospitality Investment Opportunity Southwest Mississippi Presenting The Mallard — a rare opportunity to acquire one of Southwest Mississippi's most architecturally distinctive restaurant and event venue properties. Designed as a luxury hospitality destination, this impressive commercial asset combines upscale dining space, premier event facilities, expansive commercial kitchen infrastructure, and dramatic architectural character in a serene water view setting. Strategically positioned near a regional lake destination with panoramic water views, The Mallard offers investors, restaurateurs, and hospitality operators a truly unique property capable of supporting multiple revenue streams including fine dining, weddings, private events, corporate gatherings, entertainment, and destination hospitality experiences. From the moment guests arrive, the property delivers a memorable upscale atmosphere highlighted by soaring ceilings, dramatic timber accents, cathedral-inspired architecture, custom lighting, elegant dining spaces, and beautifully designed indoor/outdoor entertaining areas. The venue's distinctive design creates an experience rarely found in secondary and tertiary hospitality markets throughout the Southeast. The commercial kitchen is exceptionally well-equipped with extensive stainless preparation areas, professional-grade cooking equipment, refrigeration systems, and large-scale service capacity suitable for high-volume operations, catering, and special events. The property features multiple dining and gathering spaces, including: Main dining room with vaulted ceilings Upscale bar and lounge area Private event and banquet spaces Outdoor courtyard and entertainment areas Flexible reception and cocktail spaces Commercial catering/event support infrastructure The outdoor entertainment courtyard provides an exceptional setting for weddings, receptions, live entertainment, and upscale outdoor dining experiences. Additional support structures and service areas enhance operational flexibility and event capacity. The Mallard is ideally suited for: Luxury restaurant concept Wedding and event venue Corporate retreat destination Boutique hospitality concept Entertainment venue Private club or membership venue Mixed hospitality/event operation Destination dining experience This is a rare chance to acquire a fully developed hospitality asset with strong branding potential, architectural significance, and immediate operational capability in a growing regional market. Investment Highlights Luxury restaurant and event venue Unique architectural design and branding appeal Panoramic water views Multiple revenue stream potential Extensive commercial kitchen infrastructure Indoor and outdoor event capability Destination-style atmosphere Strong hospitality conversion flexibility Ample parking and support facilities Rare turnkey hospitality investment opportunity

Highlights

  • Commercial Sale
  • Built in 2016
  • 4.65 Acre Lot
  • 126 days on Market

  • Bedrooms
    2
  • Bathrooms
    2 full · 3 half
  • Year Built
    2016
  • Stories
    2.0
  • Foundation
    Slab, Pillar/Post/Pier
  • Exterior Features
    Lighting, Awning(s), Uncovered Courtyard
  • Cooling
    Electric, Other
  • Heating
    Central

  • Acres
    4.65
  • Lot Features
    Rolling Slope, Views, Landscaped
  • Utilities
    Cable Available, Electricity Available, Cable Connected, Electricity Connected, Phone Available, Propane, Phone Connected

  • County
    Pike
  • City
    Summit
  • Zip Code
    39666
  • High School
    North Pike
  • Middle School
    North Pike Junior High
  • Elementary School
    North Pike Elementary

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Frequently Asked Questions

How do I schedule a tour of 3135 Us Route 51?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 3135 Us Route 51.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 3135 Us Route 51?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 2 bath, listed for $1,400,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Summit, and can even get you in to see the property quickly.

How do I get a virtual tour of 3135 Us Route 51?

Yes! A virtual tour is available for 3135 Us Route 51. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 3135 Us Route 51?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 3135 Us Route 51 at around $9,098. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 3135 Us Route 51?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Pike County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 3135 Us Route 51?

In most cases, yes. Whether 3135 Us Route 51 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Summit's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 3135 Us Route 51?

We can handle that for you. Our preferred local agent specializes in commercial sales in Summit and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,400,000 with 794,534 sqft of space—that comes out to approximately $2 per square foot.

How long has this property been on the market?

3135 Us Route 51 was listed on July 08, 2026, which means it's been on the market for 126 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2016, making it approximately 10 years old.

What is the lot size of this property?

3135 Us Route 51 sits on a 4.65-acre lot, which is 202,554 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: North Pike Elementary
  • Middle: North Pike Junior High
  • High: North Pike

Want to see how these schools compare? Check out our Pike County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 3135 Us Route 51?

The most recent public record shows annual property taxes for 3135 Us Route 51 were approximately $13,570. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 3135 Us Route 51 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS United. All rights reserved.

Last Updated: November 11, 2026 at 10:52PM | Source: MLS United | MLS#: 4155114