2.8

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2.8

Ridgeland, MS 39157
Asking Price
$224K
Asset Type
Land
Class
Class B

What's Special

Located at 2.8 Ridgeland, Mississippi, this land parcel is situated within a developing commercial corridor characterized by professional offices and retail centers. The site offers proximity to integral local amenities, including the Renaissance at Colony Park and various dining establishments along Highland Colony Parkway. Transportation access is via Interstate 55 and Highway 51, providing connectivity to the greater Jackson metropolitan area and surrounding residential neighborhoods. The property is suited for commercial development, including professional office buildings, medical suites, or boutique retail storefronts. The location offers visibility for businesses seeking a presence in a high-traffic suburban market. Typical tenants for a completed project at this site would likely include healthcare providers, legal firms, or financial services looking to serve the local Ridgeland and Madison population.

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NOI
$80,000
Cap Rate
35.71%
DSCR
6.02
Strong
Cash-on-Cash
99.26%
Monthly Payment
$1,108.23
Annual Cash Flow
$66,701.243

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