860 Centre StRidgeland, MS 39157

Property Details for 860 Centre St

Year built

1992

Lot size

1.03 AC

Property size (Sq ft)

11,945 SF

Property type

Office properties

APN

072I-31C-123/01.08

APU

072I31C1230108

Description

This exceptional 16,181-square-foot flex space, located at 860 Centre Street in Ridgeland, Mississippi, presents a unique opportunity for businesses seeking versatile office and warehouse accommodations. Built in 1992, this single-tenant property sits on 1.03 acres of land and is zoned C-2. The building boasts approximately 4,500 square feet of heated warehouse space, complete with one dock-high loading dock and one drive-in door, catering to efficient logistics. The office area offers a flexible layout, including ample private offices, multiple conference rooms, and open areas ideal for workstations or training facilities. This adaptable design allows for customization to meet diverse operational requirements. The property's prime location at the corner of Wilson Drive and Centre Street in Madison County (zip code 39157) ensures excellent visibility and accessibility. This versatile property is suitable for a range of uses, including traditional office, medical office, R&D, and warehouse operations. The property's size and features make it an ideal solution for businesses seeking a blend of office and warehouse space in a convenient and well-located setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,721,085

  6.5%

  $1,588,694

  7%

  $1,475,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $911,175

  Geo Method

  $2,329,992

• Alternative Use

  Use

  Valuation

  Residential

  $1,969,981

  Hospitality

  $1,804,492

  Educational

  $1,501,316

  Medical

  $1,552,948

  Retail

  $2,335,380

Location Insight

City

Ridgeland

County

Madison

State

Mississippi

Latitude

32.4035

Longitude

-90.1385

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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