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    898 Centre St Ridgeland, MS 39157

    Sponsored
    For Sale
    $800,000

    Multi-tenant retail building, prime location, high ROI.

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a multi-tenant retail building situated at 898 Centre Street in Ridgeland, Mississippi, 39157. The property boasts a total of 8,000 square feet across one single-story building constructed in 1987, situated on a one-acre lot. The net rentable area totals 7,457 square feet, divided into three units. Currently, only one unit is occupied, leaving three vacant spaces available for lease. These vacant spaces offer significant upside potential, with sizes of 1,550 square feet, 1,350 square feet, and 2,600 square feet respectively. The property is conveniently located behind a Kentucky Fried Chicken, offering high visibility and accessibility. The asking price for this prime retail investment is $800,000, translating to a price per square foot of $100. This property presents a compelling opportunity for investors seeking strong returns in a thriving Mississippi market. The location offers excellent access to Countyline Road, ensuring high traffic flow and exposure to a large customer base. This is an ideal opportunity to capitalize on the growing retail landscape in Ridgeland. The existing tenant provides immediate cash flow, while the vacant spaces offer the potential for significant rental income growth.

    Property Features for 898 Centre St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $800,000 asking price for this retail investment opportunity.
    • 8,000 total square feet, with 7,457 square feet of net rentable space.
    • Multi‑tenant property with three units, currently one occupied.
    • Located at 898 Centre St, Ridgeland, MS 39157, near Countyline Road.
    • Price per square foot is $100.
    • Single‑story building, constructed in 1987, situated on a one‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hairy Tale Closet Hair Extensions Supplier BB'S African Hair ... Hair Salon Fab-4-Less & Fab's Doll ... Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1358607
    Latitude
    32.4003286

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail building, prime location, high ROI.
    Where is this individual retail property located?
    The property is located at 898 Centre St Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for this retail investment opportunity.; 8,000 total square feet, with 7,457 square feet of net rentable space.; Multi-tenant property with three units, currently one occupied.
    Request Owner's contact information
    898 Centre St 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
    898 Centre St Ridgeland, MS 39157
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