898 Centre St Ridgeland, MS 39157
- Retail space
- 8,398 SF
Current Use by Public Records
- Hairy Tale Closet / Hair Extensions Supplier
- BB'S African Hair Braiding INC / Hair Salon
- Fab-4-Less & Fab's Doll House / Women'S Clothing Store / Beauty Salon
Property Details for 898 Centre St
- Year built
- 1987
- Property size
- 8,398 SF
- Property type
- Retail space
- APN
- 072I-31C-011/01.04
- APU
- 072I31C0110104
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.1358
- Latitude
- 32.4003
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
