Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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