4 Professional Parkway Parkway, Ridgeland, MS 39157
$325,000
Property Type:
Commercial Sale
Square Footage:
2,405
Lot Size (sq. ft.):
8,712
Status:
Active
Current Price:
$325,000
List Date:
2/28/2024
Last Modified:
4/02/2024
Description
Centrally located at the intersection of Lake Harbour Drive and Pear Orchard Road, this property is located along a quickly growing corridor with increasing traffic counts and easy access to dining, retail, and the entire Jackson metropolitan area. The location offers quick access to Ridgeland's newest east/west connector providing direct access between Rankin County and Highland Colony Parkway.
The purchase of this property represents an opportunity to acquire a stabilized small investment property with an in-place national credit tenant with a newly signed five year lease. Renovated in 2019, the property features two units with multiple offices on each side. This opportunity would be perfect for small investors wishing to begin investing in commercial real estate or experienced investors seeking a stabilized asset in a great location in the growing city of Ridgeland.
More Information MLS# 4071980
Address and Location Information
Street Number: 4
Street Name: Professional Parkway
Street Suffix: Parkway
County: Madison
State: MS
Zip Code: 39157
Nearest Cross Street: Lake Harbour
Parcel Number: 072i-31a-304/08.00
Community Of: N/A
Listing Information
Status: Active
List Date: 2024-02-28
List Price: $325,000
Current Price: $325,000
Property Sub Type: Office
Listing Service: Full Service
New Construction: No
Property Condition: Updated/Remodeled
Co-Op and Commission Information
Buyer Agency Compensation: 3
Buyer Agency Comp Type: %
General Property Information
Approx Lot Size Acres: 0.2
Lot Size Dimensions: 103X85
Approx H/C SqFt: 2405
SqFt Source: Assessor
List Price/SqFt: 135.14
Year Built: 2007
Year Built Source: Assessor
Total Floors: 1
Accessibility Features: Yes
Tax and Financial Information
Tax Annual Amount: 2947
Tax Year: 2023
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: LOT 8 CATES PLAZA PT I
Remarks & Miscellaneous
Public Remarks: Centrally located at the intersection of Lake Harbour Drive and Pear Orchard Road, this property is located along a quickly growing corridor with increasing traffic counts and easy access to dining, retail, and the entire Jackson metropolitan area. The location offers quick access to Ridgeland's newest east/west connector providing direct access between Rankin County and Highland Colony Parkway.
The purchase of this property represents an opportunity to acquire a stabilized small investment property with an in-place national credit tenant with a newly signed five year lease. Renovated in 2019, the property features two units with multiple offices on each side. This opportunity would be perfect for small investors wishing to begin investing in commercial real estate or experienced investors seeking a stabilized asset in a great location in the growing city of Ridgeland.
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Basement Features
Basement: No
Listing Office: Overby, Inc.
Listing Agent: Sterling McCool
Last Updated: April - 02 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.