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Ridgeland Office Building Investment

740 Avignon Dr, Ridgeland, MS 39157

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For Sale

$615,000

Four-unit office building in Ridgeland, Mississippi, with 100% occupancy.

Type:Office

Property size:

5,068 SF

Price / SF:

$121/SF

HighLights

100% Occupancy: Provides immediate income for investors.
Well‑Maintained 5,068 SF Building: Offers ample space and functionality.
New Roof (5/25): Reduces immediate maintenance concerns and costs.
Prime Location in Ridgeland: Strategically positioned in a thriving and safe business community.
Zoned C‑1: Suitable for a variety of commercial uses.
Built in 2007: Relatively modern construction.

We can help!

Contact an agent

Jeff Speed, CCIM

For Sale

$615,000

Four-unit office building in Ridgeland, Mississippi, with 100% occupancy.

Type:Office

Property size:

5,068 SF

Price / SF:

$121/SF

Added:: Mar 6, 2026
Days on Market:: 121
Last Refresh:: Apr 5 at 11:56 pm

Property Features for 740 Avignon Dr

General Information

Standard status: Active
Size: 5,068 SF
Property subtype: Office

Building Details

Year Built: 2007

We can help!

Contact an agent

Jeff Speed, CCIM

Listing office Speed Commercial Real Estate

Listing date Mar 6, 2026

Source Speedcres

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Speed Commercial Real Estate

HighLights

100% Occupancy: Provides immediate income for investors.
Well‑Maintained 5,068 SF Building: Offers ample space and functionality.
New Roof (5/25): Reduces immediate maintenance concerns and costs.
Prime Location in Ridgeland: Strategically positioned in a thriving and safe business community.
Zoned C‑1: Suitable for a variety of commercial uses.
Built in 2007: Relatively modern construction.

Overview

Located in Ridgeland, Mississippi, this property presents an investment opportunity with a 5,068 square foot building featuring four units. Constructed in 2007, the building is zoned C-1 and has a new roof as of May 25th. The property is currently 100% occupied. The location provides access to the Natchez Trace Parkway, Renaissance at Colony Park, and the Ross Barnett Reservoir. The property is positioned in a growing business community.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$88.2k	$17.40
− Vacancy	−$16.3k	−$3.22
EGI	$71.9k	$14.18
− OpEx	−$18.0k	−$3.55
NOI	$53.9k	$10.64

5,068 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$770.0K

$673.8K – $898.4K (±1% cap)

NOI $53,902 @ 7.0% cap · market cap 8.76%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.10M

$965.3K – $1.29M (±1% cap)

NOI $77,227 @ 7.0% cap · market cap 12.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Samuel A Montgomery Law ... Law Firm Downey John H Law Firm Frontier Strategies Marketing & Advertising Strategic Marketing Group ... Advertising Agency Owen Mayfield Law ... Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Ridgeland
County: Madison
State: Mississippi
Longitude: -90.11391
Latitude: 32.415464

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For sale
Office buildings
MS
Ridgeland
39157
740 Avignon Dr

What type of property is this?

Office building - Four-unit office building in Ridgeland, Mississippi, with 100% occupancy.

Where is this office building located?

The property is located at 740 Avignon Dr Ridgeland, MS.

What is the asking price?

The asking price for this property is $615,000.

What are key features of this property?

This property features: 100% Occupancy: Provides immediate income for investors.; Well‑Maintained 5,068 SF Building: Offers ample space and functionality.; New Roof (5/25): Reduces immediate maintenance concerns and costs.