608 Highway 51 - Freestanding FOR SALE


Ridgeland, MS 39157- Outer Ridgeland/Madison
$3,975,000 USD
601-724-1435
608 Highway 51, Ridgeland, MS for Sale
$3,975,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

608 Highway 51
Ridgeland, MS 39157
Outer Ridgeland/Madison


HIGHLIGHTS

  • Strong monthly income from stabilized tenancy with minimal vacancy
  • Fresh 3–5-year leases in place with tenants covering utilities
  • Owner willing to complete renovations and act as contractor
  • ±1 acre of undeveloped land under contract, with build-out potential
  • Flexible acquisition: full parcel or subdivided sale options
  • Ideal for 1031 exchange with immediate income and future upside

OVERVIEW

This retail and mixed-use asset presents a compelling opportunity for investors seeking stable income, development upside, and 1031 exchange suitability. With all but approximately 1,000 square feet leased across its office, retail, and warehouse components, the property is currently generating around $30,000 per month in income. Tenants are secured under fresh 3- to 5-year leases and are responsible for their own utilities, ensuring minimal landlord overhead. The offering includes approximately one acre of undeveloped land, currently under contract for separate sale, but also available as part of a full parcel acquisition. The owner is committed to completing all renovations and is willing to act as the contractor for any build-out on the vacant land, offering a seamless transition for future development or expansion.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

C2

APN/PARCEL ID

072D-19D-090-02-00

ASK ABOUT THIS PROPERTY

Snooky HillHopper PropertiesMore Info
601-724-1435

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Snooky HillHopper PropertiesMore Info
601-724-1435

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.