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    574 Us-51 Ridgeland, MS 39157

    For Lease
    $16 SF/Yr

    Prime Retail Space, Multiple Tenancies Available

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Gas Lamp Village, located at 574 US-51 in Ridgeland, Mississippi, offers 16,000 square feet of prime retail space in a thriving strip center. This multi-tenant property boasts a convenient location just north of the intersection of Jackson Street and Highway 51, easily accessible from Interstate 55. The center currently features established tenants including The Trace Grill, Mitchell Anderson Salon, and Lulu Kabab, creating a strong synergy and high foot traffic. There is 6,475 square feet of vacant space immediately available, divisible into units as small as 1,600 square feet, with a maximum contiguous space of 2,875 square feet. The entire property sits on a 16,000 square foot lot, providing ample parking and visibility. This exceptional opportunity is situated in Madison County, Mississippi, zip code 39157, and presents a unique chance to establish or expand your business in a high-demand retail area. The property's strong existing tenant mix and prime location make it an ideal investment for businesses seeking high visibility and a thriving customer base. Contact us today to learn more about this exceptional retail opportunity in the heart of Ridgeland.

    Property Features for 574 Us-51

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    21333.33

    Unit(s) available at that property

    Space
    Suite H
    Size
    1,600 SF
    Rate per SF
    $16

    HighLights

    • 16,000 SF strip center in Ridgeland, MS.
    • 1,600 SF of immediately available retail space.
    • High‑visibility location on Hwy 51 N, near Jackson St, in Ridgeland's core retail area.
    • Available spaces are ideally situated within a thriving multi‑tenant center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.126211
    Latitude
    32.4317533

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, Multiple Tenancies Available
    Where is this neighborhood center located?
    The property is located at 574 Us-51 Ridgeland, MS.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 16,000 SF strip center in Ridgeland, MS.; 1,600 SF of immediately available retail space.; High-visibility location on Hwy 51 N, near Jackson St, in Ridgeland's core retail area.
    Request Owner's contact information
    574 Us-51 Ridgeland, MS 39157
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    Ridgeland, MS 39157
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    574 Us-51 Ridgeland, MS 39157
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