1230 County Line RdRidgeland, MS 39157

Property Details for 1230 County Line Rd

Year built

2008

Property size (Sq ft)

11,073 SF

Property type

Super regional malls

APN

072I-31D-001/01.08

APU

072I31D0010108

Description

Northpark Crossing, a prime retail investment opportunity in Ridgeland, Mississippi, presents a meticulously maintained 11,073 square foot shopping center. This single-story building, constructed in 2008 and extensively renovated in 2023, boasts four units currently enjoying 100% occupancy, generating a strong and stable income stream. Located at 1230 E County Line Rd, 39157, the property benefits from high visibility and a strategic location within the thriving Greater Jackson Metro area. The 43,512 square foot lot provides ample space, complemented by 37 parking spaces. The property features a modern and attractive façade, well-maintained landscaping, and a diverse tenant mix with a strong rental history. The asking price is $2,395,000, representing a compelling $216.29 per square foot and a 7.72% capitalization rate. The property is zoned C-6 and its APN is 072I-31D-001/01.08. This turnkey asset offers exceptional potential for investors seeking a stable, high-return investment in a dynamic retail market. Its proximity to major retail and dining establishments further enhances its appeal and investment potential. This is a rare opportunity to acquire a well-maintained, fully occupied retail center in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,345,302

  6.5%

  $2,164,894

  7%

  $2,010,259

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,128,539

  Geo Method

  $5,442,946

• Alternative Use

  Use

  Valuation

  Residential

  $1,826,170

  Hospitality

  $1,672,762

  Educational

  $1,391,718

  Medical

  $1,439,581

  Retail

  $2,164,894

Location Insight

City

Ridgeland

County

Madison

State

Mississippi

Latitude

32.3999

Longitude

-90.131

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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