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    6655 Old Canton Rd Ridgeland, MS 39157

    For Sale
    $590,000

    7.9 Acres, High Visibility, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 7.9-acre commercial land parcel, located at 6655 Old Canton Rd in Ridgeland, Mississippi, presents a compelling investment opportunity. Priced at $590,000, this property boasts a prime location within a designated Opportunity Zone, offering significant tax advantages. The land features two convenient access points, ensuring excellent accessibility and visibility for potential businesses. High traffic counts along Old Canton Road guarantee substantial exposure. The site previously housed a floral facility, with several usable sheds and a retail building remaining. These existing structures offer potential for repurposing or incorporation into a new development. The expansive frontage provides ample space for various commercial ventures. With careful planning, the property could be easily divided to accommodate multiple businesses, such as a retail operation and a separate commercial facility. The possibilities are numerous, making this a truly unique opportunity in a thriving area of Ridgeland, surrounded by growth and development. The land is zoned for commercial use and offers a land value of $2 per square foot. This is a rare chance to acquire a significant commercial property in a sought-after location within Madison County, zip code 39157.

    Property Features for 6655 Old Canton Rd

    General Information

    Property type
    Land
    Lot Size
    344,124 SF

    HighLights

    • $590,000 asking price.
    • 7.9‑acre commercial land parcel in Ridgeland, MS.
    • Located in an Opportunity Zone.
    • Commercial zoning.
    • $2/sq ft land value.
    • For sale by owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greenbrook Flowers Florist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1077528
    Latitude
    32.4032864

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    FAQs

    What type of property is this?
    Land - 7.9 Acres, High Visibility, Opportunity Zone
    Where is this land located?
    The property is located at 6655 Old Canton Rd Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: $590,000 asking price.; 7.9-acre commercial land parcel in Ridgeland, MS.; Located in an Opportunity Zone.
    Request Owner's contact information
    6655 Old Canton Rd 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
    6655 Old Canton Rd Ridgeland, MS 39157
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