551 Ridgecrest DrMadison, MS 39110

Property Details for 551 Ridgecrest Dr

Year built

2000

Lot size

6.66 AC

Property size (Sq ft)

19,784 SF

Property type

Day care centers & nurseries

APN

072D-20A-002/01.24

APU

072D20A0020124

Description

This exceptional 18,000-square-foot retail property, located at 551 Ridgecrest Drive in Madison, Mississippi, presents a compelling investment opportunity. Situated on a sizable 7.3-acre lot, this building offers a unique dual-use configuration. Currently, the first floor is leased to a daycare center, providing immediate income potential for an owner-user. The building features 9,000 square feet per floor, offering ample space for expansion or additional tenants. The property is zoned C-1, allowing for a variety of commercial uses. The expansive lot provides significant flexibility for future development or expansion. The flat, easily accessible land is an attractive feature for both current and future operations. The asking price is $1,650,000. This property is ideally suited for an owner-occupant seeking a combination of income generation and operational space, or an investor looking for a strong return on investment in a desirable Mississippi location. The property's location in Madison, Mississippi, zip code 39110, offers convenient access to major transportation routes and a thriving community. This is a rare opportunity to acquire a substantial retail property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,786,423

  6.5%

  $2,572,083

  7%

  $2,388,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,735,512

  Geo Method

  $4,437,927

• Alternative Use

  Use

  Valuation

  Residential

  $3,262,796

  Hospitality

  $2,988,704

  Educational

  $2,486,566

  Medical

  $2,572,083

  Retail

  $3,867,992

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.4389

Longitude

-90.1104

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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