6111 Ridgewood RdJackson, MS 39211

Property Details for 6111 Ridgewood Rd

Year built

2001

Construction

FRAME

Lot size

1.76 AC

Property size (Sq ft)

8,613 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

0738 0030 004

APU

7380030004

Description

This exceptional fee-simple property in Jackson, Mississippi, presents a unique investment opportunity. Located at 6111 Ridgewood Rd, 39211, this Class A, multi-tenant retail complex boasts a total of 13,300 net rentable square feet spread across two one-story buildings on a 3-acre lot. Built in 2004 and extensively renovated in 2021, the property features a prominent 8,200 square foot freestanding restaurant/bar, ideally situated in Northeast Jackson's vibrant dining and nightlife district. An additional 5,200 square foot retail strip shopping center is located adjacent to the restaurant, offering significant potential for expansion or conversion into an event venue. The property is currently vacant, providing a blank canvas for a discerning investor. Ample on-site parking is available. The property is zoned for commercial use and offers a compelling price per square foot of $243.29, with an asking price of $1,995,000. This prime location and versatile space make it an ideal investment for a variety of uses. Don't miss this chance to acquire a high-quality, well-located retail property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,824,265

  6.5%

  $1,683,937

  7%

  $1,563,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,655,658

  Geo Method

  $4,233,730

• Alternative Use

  Use

  Valuation

  Residential

  $1,420,464

  Hospitality

  $1,301,137

  Educational

  $1,082,531

  Medical

  $1,119,761

  Retail

  $1,683,937

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3954

Longitude

-90.1417

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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