1230 E County Line Rd Ridgeland, MS 39157
Northpark Crossing, a prime retail investment opportunity in Ridgeland, Mississippi, presents a meticulously maintained 11,073 square foot shopping center. This single-story building, constructed in 2008 and extensively renovated in 2023, boasts four units currently enjoying 100% occupancy, generating a strong and stable income stream. Located at 1230 E County Line Rd, 39157, the property benefits from high visibility and a strategic location within the thriving Greater Jackson Metro area. The 43,512 square foot lot provides ample space, complemented by 37 parking spaces. The property features a modern and attractive façade, well-maintained landscaping, and a diverse tenant mix with a strong rental history. The asking price is $2,395,000, representing a compelling $216.29 per square foot and a 7.72% capitalization rate. The property is zoned C-6 and its APN is 072I-31D-001/01.08. This turnkey asset offers exceptional potential for investors seeking a stable, high-return investment in a dynamic retail market. Its proximity to major retail and dining establishments further enhances its appeal and investment potential. This is a rare opportunity to acquire a well-maintained, fully occupied retail center in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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