113 W Jackson Avenue, Ridgeland, MS 39157 (MLS# 1319074)
113 W Jackson Avenue, Ridgeland, MS 39157
$5,225,000
Property Type:
Commercial Sale
Square Footage:
42,366
Lot Size (sq. ft.):
145,055
Status:
Closed
Current Price:
$5,400,000
List Date:
4/20/2019
Last Modified:
11/19/2024
Overview
Description
The architecturally stunning, mixed use development located in Ridgeland's Olde Town district affords a variety of options for retail and office professionals. The 49,985 square foot development offers a variety of retail and office spaces with ample parking, convenient access and excellent visibility. The center was carefully designed to be both innovative and appealing as it blends boutique retailers with fine dining and upscale office users. Backing to the Natchez Trace Parkway, Olde Towne is central located on Jackson Avenue, a main connector for Interstate 55 and Highway 51. 9.12% Cap Rate based on in place income Substantial upside Excellent visibility Over 22,000 vehicles per day Landmark location Established boutique retailers
Listing Details MLS# 1319074
General Property Information
- Approx Lot Size Acres
- 3.33
- Approx H/C SqFt
- 42366
- SqFt Source
- Appraiser
- List Price/SqFt
- 127.46
- Property Sub Type
- Retail
Property Features
Business Type:
General Business; Medical; Restaurant; Retail
Current Use:
Retail
Commercial Features:
Door Sign; Doors Under 10 Feet; Dumpster; Elevator(s); Fire Sprinkler System; Smoke Detector(s)
Electricity Features:
200+ Amps; 110 Volt; 220 Volts; Three Phase
Location:
City Street; In Shopping Center; Shopping Mall; Strip Mall; Suburban
Lighting:
Security
Cooling:
Central Air; Zoned
Heating:
Central; Electric; Natural Gas
Utilities:
Electricity Available; Natural Gas Available; Water Available
Sewer:
Public Sewer
Water Source:
Public
Foundation Details:
Concrete Perimeter; Slab
Listing Terms:
Cash
Exterior Features:
Rain Gutters
Flood Insurance:
Unknown
Available Documents:
Brochure; Floor Plan(s); Land Survey; Legal Description
Lot Size Range:
1 to 5 Acres
Address and Location Information
- Street Number
- 113
- Street Direction
- W
- Street Name
- Jackson
- Street Suffix
- Avenue
- County
- Madison
- State
- MS
- Zip Code
- 39157
- Parcel Number
- 072I-30A-128/00.00 and 072I-30B-113/00.00
- Directions to Property
- I-55 to W Jackson Avenue. Olde Towne Ridgeland is located on the southeastern corner of W Jackson Avenue and SE Madison Drive.
Listing Information
- Property Sub Type
- Retail
- Listing Service
- Full Service
Tax and Financial Information
- Leasehold Y/N
- No
Status Change Info
- Contract Date/Pending Date
- 2019-04-20
- Closing Date
- 2019-07-31
- Sold Price/SqFt
- 123.33
More Information
Showing Requirements
- Showing
- Appointment Required
Location
- City Street
- Yes
- In Shopping Center
- Yes
- Shopping Mall
- Yes
- Strip Mall
- Yes
- Suburban
- Yes
Remarks & Miscellaneous
- Public Remarks
- The architecturally stunning, mixed use development located in Ridgeland's Olde Town district affords a variety of options for retail and office professionals. The 49,985 square foot development offers a variety of retail and office spaces with ample parking, convenient access and excellent visibility. The center was carefully designed to be both innovative and appealing as it blends boutique retailers with fine dining and upscale office users. Backing to the Natchez Trace Parkway, Olde Towne is central located on Jackson Avenue, a main connector for Interstate 55 and Highway 51. 9.12% Cap Rate based on in place income Substantial upside Excellent visibility Over 22,000 vehicles per day Landmark location Established boutique retailers
Current Use
- Retail
- Yes
Income & Expenses
- Annual Net Income
- 492484
Business Type
- General Business
- Yes
- Medical
- Yes
- Restaurant
- Yes
- Retail
- Yes
Sewer
- Public Sewer
- Yes
Commercial Features
- Door Sign
- Yes
- Doors Under 10 Feet
- Yes
- Dumpster
- Yes
- Elevator(s)
- Yes
- Fire Sprinkler System
- Yes
- Smoke Detector(s)
- Yes
Water Source
- Public
- Yes
Listing Terms
- Cash
- Yes
Utilities
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Water Available
- Yes
Electricity Features
- 200+ Amps
- Yes
- 110 Volt
- Yes
- 220 Volts
- Yes
- Three Phase
- Yes
Cooling
- Central Air
- Yes
- Zoned
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Natural Gas
- Yes
Foundation Details
- Concrete Perimeter
- Yes
- Slab
- Yes
Exterior Construction/Siding
- Brick
- Yes
- Metal Siding
- Yes
Exterior Features
- Rain Gutters
- Yes
Lighting
- Security
- Yes
Flood Insurance
- Unknown
- Yes
Available Documents
- Brochure
- Yes
- Floor Plan(s)
- Yes
- Land Survey
- Yes
- Legal Description
- Yes
Lot Size Range
- 1 to 5 Acres
- Yes
Listing Office:
Overby, Inc.
Listing Agent:
Scott Overby
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.