Extremely attractive 1031 vehicle and investment opportunity. With all but 1,000/sqft of the office/retail and warehouse spaces leased, the property is currently producing 30k +- per month in income with fresh 3-5 year leases and quality tenants. Tenants responsible for own utilities, leases available with diligence. Owner is committed to completing all renovation and construction and is willing to act as the contractor to to build out the approx. 1ac of vacant/undeveloped land has been sold from this parcel.This property can be purchased as one complete parcel or sub divided, with the owners approval, into the existing buildings and tenants. The approx. 1ac +- of the undeveloped parcel has been sold as a separate sale.
Property Details
Price:
$3,499,000
MLS #:
4114221
Status:
Active
Beds:
0
Baths:
5
Address:
608 Highway 51
Type:
Commercial
Subtype:
Retail
Subdivision:
Metes And Bounds
City:
Ridgeland
Listed Date:
May 23, 2025
State:
MS
Finished Sq Ft:
108,029
Total Sq Ft:
108,029
ZIP:
39157
Lot Size:
108,029 sqft / 2.48 acres (approx)
Year Built:
1979
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Schools
Interior
Bathrooms
5 Half Bathrooms
Cooling
Central Air
Flooring
Combination, Concrete
Heating
Central
Exterior
Construction Materials
Brick, Metal Siding, Stucco
Exterior Features
Awning(s), Lighting
Parking Features
Concrete Drive, Paved Drive, Driveway ( Rear Entrance), Additional Parking, Concrete, Front Entry, Gravel, Off Street, On Site, On Street, Parking Lot, Paved
Roof
Metal
Security Features
Fire Sprinkler System
Financial
Taxes
$5,282
Map
Community
- Address608 Highway 51 Ridgeland MS
- SubdivisionMetes And Bounds
- CityRidgeland
- CountyMadison
- Zip Code39157
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608 Highway 51
Ridgeland, MS
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