407 Orch Park Ridgeland, MS 39157-5134
This exceptional Class A mixed-use property, located at 407 Orchard Park in Ridgeland, Mississippi, presents a unique investment opportunity. The 2,320 square foot building sits on a 0.25-acre lot and features four units, meticulously renovated in 2021. The building boasts a new roof and gutters (installed two years ago), fresh paint, and new flooring throughout. The layout includes five units downstairs and four upstairs, accessible via two separate staircases. Ample parking is available with ten spaces. The permitted zoning is B, making it suitable for a variety of office uses, including medical, legal, accounting, real estate, or corporate offices. The asking price is $395,000, translating to $170.26 per square foot. This turnkey property is ready for immediate occupancy, offering a blend of modern amenities and a desirable location in Madison County, Mississippi (zip code 39157). The property's APN is 0721-32C-003/15.00. This is an ideal opportunity for an owner-occupier or investor seeking a high-quality, well-maintained commercial property in a thriving Mississippi market. The two-story building offers a versatile space perfect for a variety of professional uses.
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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
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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