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: $5,225,000 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

Listing Office: Overby, Inc.

Listing Agent: Scott Overby

Last Updated: November - 19 - 2024

113 W Jackson Avenue, Ridgeland, MS 39157 (MLS# 1319074)