Property profile

140 Madison Lndg Cir Ridgeland, MS 39157

OFF-MARKET
Turn key restaurants
Property ID
US50-0367935
10,106 SF Built 1986
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

Reservoir Pointe is an event venue configured for a range of gatherings, overlooking the Ross Barnett Reservoir. The property is located on Pearl River Valley Water Supply District land and is subject to a long-term lease arrangement, consistent with neighboring reservoir-bordering businesses and subdivisions. The facility encompasses 11,966 square feet and is positioned near other dining and retail establishments, including Cock of the Walk, Crabs Seafood Shack, and Pelican Point restaurants. The building features a roof replacement installed in March 2022. The site is equipped with event and service-related furnishings and equipment, including catering dishes and glassware suitable for serving close to 1,000 guests for off-site catering, and the improvements and layout are suitable for event operations such as weddings, receptions, proms, birthday and graduation parties, and corporate events, with potential to operate as a full-service restaurant.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 10,106 SF
APN 072H-27B-001/01.02
UPID US50-0367935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Wedding Service
  • Hotel & Motel

Location

140 Madison Lndg Cir Ridgeland, MS 39157-9217
Ridgeland metro Census 30107 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k

Owner & transaction history

since 2026
5 recorded transactions
2026
$1.3M
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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