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    Lake Harbour Dr Ridgeland, MS 39157

    For Sale
    $450,000

    3.04 Acres, High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.04-acre commercial property is ideally situated on a high-traffic corner lot in Ridgeland, Mississippi, at the intersection of Lake Harbor Drive and Old Canton Road. Zoned C-2A, this land offers significant development potential for a variety of uses, including retail, office space, restaurants, banks, or fast-food establishments. The property boasts approximately 114,000 square feet of frontage (net of road easement), ensuring excellent visibility and accessibility. Lake Harbor Drive's recent extension to Highland Colony Parkway (near Costco) further enhances its strategic location and accessibility. The area is thriving, with numerous established businesses nearby, including Bulldog Burger, McBee's, several Mexican restaurants, Wendy's, Burger King, Walgreens, and Kroger. This prime location offers high traffic counts and exceptional visibility, making it an attractive investment opportunity. The property's address is Lake Harbour Dr, Ridgeland, MS 39157, and its APN is Street_Row_2770. The asking price is $450,000, representing a price per acre of $187,500. This presents a unique chance to acquire a substantial commercial parcel in a rapidly growing area.

    Property Features for 0 Lake Harbour Dr

    General Information

    Property type
    Land
    Lot Size
    132,422 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.098795717957
    Latitude
    32.412989168406

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    FAQs

    What type of property is this?
    Land - 3.04 Acres, High Traffic Location
    Where is this land located?
    The property is located at Lake Harbour Dr Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $450,000.
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    Lake Harbour Dr 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
    Lake Harbour Dr Ridgeland, MS 39157
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