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3135 US-51 Hwy - Mallard - Lake Dixie Springs 7,238 SF Specialty Building Offered at $2,156,408 CAD in Summit, MS 39666
Investment Highlights
- 89 year legacy on Lake Dixie Springs, Loyal Customer Base, Strong Regional Brand
- Experienced Staff, Owner Transition Assistance, Growing Event Business
- Resort Status, Deeded Lake Access
Executive Summary
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
The Mallard represents more than commercial real estate — it is a fully immersive hospitality experience positioned for regional destination appeal and long-term investment value.
For additional information, financials, private tours, and offering details, contact Chuck Paulk - Broker Owner of Berkshire Hathaway HomeServices – Cabin & Creek Real Estate.
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Property Facts
| Price | $2,156,408 CAD | Building Size | 7,238 SF |
| Price Per SF | $297.93 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2017 |
| Sale Condition | Business Value Included | Parking Ratio | 6.91/1,000 SF |
| Property Type | Specialty | Cross Streets | Ole Springs Rd |
| Lot Size | 18.24 AC | ||
| Zoning | Resort Status (2.02 Ac) - Resort Status (2.02 Acres). No Zoning Restrictions – Located in unincorporated Pike County. | ||
| Price | $2,156,408 CAD |
| Price Per SF | $297.93 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Lot Size | 18.24 AC |
| Building Size | 7,238 SF |
| No. Stories | 1 |
| Year Built | 2017 |
| Parking Ratio | 6.91/1,000 SF |
| Cross Streets | Ole Springs Rd |
| Zoning | Resort Status (2.02 Ac) - Resort Status (2.02 Acres). No Zoning Restrictions – Located in unincorporated Pike County. |
Amenities
- Air Conditioning
About 3135 US-51 HWY , SUMMIT, MS 39666
Property Description The Mallard is a luxury restaurant and event venue property featuring architecturally distinctive improvements designed for upscale hospitality and entertainment operations. The property includes expansive dining areas, private event spaces, a full-service commercial kitchen, upscale bar and lounge areas i a 6300 sf building, outdoor entertainment courtyards, 2 guest suites, a 1600 sf steel building with electricity, and support facilities situated on 18 acres more-or-less in a serene water view setting near a regional lake destination. 2.02 acres carry a county zoning of "Resort" allowing for 7 days a week operation. All acreage conveyed comes with deeded access to Lake Dixie Springs. The improvements showcase dramatic vaulted ceilings, custom timber accents, cathedral-inspired architecture, premium interior finishes, and flexible indoor/outdoor gathering spaces capable of supporting restaurant operations, weddings, private events, corporate functions, and entertainment venues. Additional improvements include extensive commercial kitchen infrastructure, outdoor event space, covered service areas, ample parking, and auxiliary storage/shop facilities. The property is ideally suited for hospitality, event venue, entertainment, boutique destination, or adaptive commercial reuse opportunities. The included furniture, fixtures and equipment have estimated appraised value of $100,000. This is a rare turnkey hospitality real estate offering with strong branding appeal, exceptional architectural character, loyal customer base, experienced staff, and multiple revenue-generating use possibilities in the growing Southwest Mississippi market.
Property Taxes
| Parcel Number | 712520-B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $136,390 CAD |
Property Taxes
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3135 US-51 Hwy - Mallard - Lake Dixie Springs
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