0 Allerton Blvd Ridgeland, MS 39157
This exceptional 3-acre commercial land parcel is strategically located on North Allerton Boulevard in Ridgeland, Mississippi, offering significant development potential. Situated east of Old Canton Road, just south of the Old Canton Road/Lake Harbor intersection, this property benefits from its prime location within a rapidly growing area. The C-1 zoning permits low-density commercial development, allowing for a flexible approach to project design. Specifically, the zoning allows for a mix of uses, including up to 75% office space and 25% warehouse space. There's also potential for limited residential development. The property's adjacency to new and upcoming developments further enhances its value and investment appeal. This thriving area is witnessing a surge in both commercial and residential construction, making this a highly attractive opportunity for investors seeking to capitalize on the region's growth trajectory. The asking price is $450,000, translating to $4.25 per square foot. This represents a compelling investment opportunity in a dynamic and expanding market. The property is owned by a partnership.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.