898 Centre StRidgeland, MS 39157

For Sale
$800,000
Multi-tenant retail building, prime location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
125
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.

Highlights

  • $800,000 asking price for this retail investment opportunity.
  • 8,000 total square feet, with 7,457 square feet of net rentable space.
  • Multi-tenant property with three units, currently one occupied.
  • Located at 898 Centre St, Ridgeland, MS 39157, near Countyline Road.
  • Price per square foot is $100.
  • Single-story building, constructed in 1987, situated on a one-acre lot.

Property Details for 898 Centre St

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Year Built
1987
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
3

Location Insight

City
Ridgeland
County
Madison
State
Mississippi
Latitude
32.4003286
Longitude
-90.1358607
898 Centre St, Ridgeland, Mississippi

FAQs

What type of property is this?
Retail property - Multi-tenant retail building, prime location, high ROI.
Where is the retail property located?
The property is located at 898 Centre St Ridgeland, MS.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: $800,000 asking price for this retail investment opportunity.; 8,000 total square feet, with 7,457 square feet of net rentable space.; Multi-tenant property with three units, currently one occupied.
How can I contact the broker?
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898 Centre St
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