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Property profile & analytics
FOR SALE
Retail space

898 Centre St Ridgeland, MS 39157

8,398 SF Built 1987
Individually Owned 9-yr Hold Free & Clear
Property ID
US50-0047385
Property summary
AI-generated overview

This exceptional investment opportunity presents a multi-tenant retail building situated at 898 Centre Street in Ridgeland, Mississippi, 39157. The property boasts a total of 8,000 square feet across one single-story building constructed in 1987, situated on a one-acre lot. The net rentable area totals 7,457 square feet, divided into three units. Currently, only one unit is occupied, leaving three vacant spaces available for lease. These vacant spaces offer significant upside potential, with sizes of 1,550 square feet, 1,350 square feet, and 2,600 square feet respectively. The property is conveniently located behind a Kentucky Fried Chicken, offering high visibility and accessibility. The asking price for this prime retail investment is $800,000, translating to a price per square foot of $100. This property presents a compelling opportunity for investors seeking strong returns in a thriving Mississippi market. The location offers excellent access to Countyline Road, ensuring high traffic flow and exposure to a large customer base. This is an ideal opportunity to capitalize on the growing retail landscape in Ridgeland. The existing tenant provides immediate cash flow, while the vacant spaces offer the potential for significant rental income growth.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 8,398 SF
APN 072I-31C-011/01.04
UPID US50-0047385
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hairy Tale Closet Cosmetic Store Big Box & Wholesale Store
  • BB'S African Hair Braiding INC Hair Salon
  • Fab-4-Less & Fab's Doll House Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Shahillc · 9 yrs held
Shahillc
since 2017
5 recorded transactions
2023
Price N/A
2022
Price N/A
2017
Price N/A
2012
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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