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:
10/21/2021
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
More Information MLS# 1319074
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
Status: Closed
List Date: 2019-04-20
List Price: $5,400,000
Current Price: $5,225,000
Property Sub Type: Retail
Listing Service: Full Service
Co-Op and Commission Information
Buyer Agency Compensation: 3
Buyer Agency Comp Type: %
General Property Information
Approx Lot Size Acres: 3.33
Approx H/C SqFt: 42366
SqFt Source: Appraiser
List Price/SqFt: 127.46
Tax and Financial Information
Leasehold Y/N: No
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
Status Change Info
Contract Date/Pending Date: 2019-04-20
Closing Date: 2019-07-31
Sold Price/SqFt: 123.33
Income & Expenses
Annual Net Income: 492484
Showing Requirements
Showing: Appointment Required
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 Volt; 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 Construction/Siding: Brick; Metal Siding
Exterior Features: Rain Gutters
Flood Insurance: Unknown
Available Documents: Brochure; Floor Plan(s); Land Survey; Legal Description
Lot Size Range: 1 to 5 Acres
Listing Office: Overby, Inc.
Listing Agent: Scott Overby
Last Updated: October - 21 - 2021
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.