608 Highway 51, Ridgeland, MS 39157 (MLS# 4114221)
608 Highway 51, Ridgeland, MS 39157
$3,975,000
Property Type:
Commercial Sale
Square Footage:
108,029
Lot Size (sq. ft.):
108,029
Status:
Active
Current Price:
$3,975,000
List Date:
9/17/2025
Last Modified:
10/31/2025
Description
Extremely attractive 1031 vehicle and investment opportunity. With all but 1,000/sqft of the office/retail and warehouse spaces leased, the property is currently producing 30k +- per month in income with fresh 3-5 year leases and quality tenants. Tenants responsible for own utilities, leases available with diligence. Owner is committed to completing all renovation and construction and is willing to act as the contractor to to build out the approx. 1ac of vacant/undeveloped land.
This property can be purchased as one complete parcel or sub divided, with the owners approval, into the existing buildings and tenants. The approx. 1ac +- of the undeveloped parcel is currently under contract as a separate sale.
More Information MLS# 4114221
Address and Location Information
Nearest Cross Street: Between Moore St and Century Place
Parcel Number: 072d-19d-090-02-00
Directions to Property: From Colony Park Blvd travel South approx 1 mile and the property is on the Left just past the Shoe Healer and before Grilles of Mississippi.
This is where the old Allegrezza Piano business was.
Community Of: N/A
Street Number: 608
Street Name: Highway 51
County: Madison
State: MS
Zip Code: 39157
Subdivision: Metes And Bounds
Location
Airport 1-2 Miles: 1
City: 1
City Street: 1
Commercial Retail: 1
Corner Lot: 1
Interstate 1 Mile or Less: 1
Paved: 1
State Highway: 1
Strip Mall: 1
Urban: 1
Listing Information
Listing Service: Full Service
Never Occupied: No
Status: Active
List Date: 2025-05-23
List Price: $3,975,000
Current Price: $3,975,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
New Construction: No
Property Condition: Updated/Remodeled
Approx Lot Size Acres: 2.48
Office Square Footage: 15950
SqFt Source: Owner
List Price/SqFt: 36.8
Divisible: Yes
Year Built Source: Public Records
Total Floors: 1
Bathrooms Half: 5
Accessibility Features: Yes
Approx H/C SqFt: 108029
Year Built: 1979
Tax and Financial Information
Tax Annual Amount: 5282
Tax Year: 2024
Zoning: C2
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: .382 AC LOT FRONTING E/S HWY 51 & S/S MOORE ST IN N1/2 BLK 91 &N 92 FIRST
Lot 79 X251 Ft E Of Hw 51 Ridgeland 1 St Add 1+91&92
Lot 154 X251 X39 X276 Ft In Sw Cor Lying E Of Hw 51 Ridgeland 1 St Add 4&591&92
1.31 Ac In N1/2 Blk 92 E Of Hwy 51 F Irst Addn To Ridgeland
Remarks & Miscellaneous
Public Remarks: Extremely attractive 1031 vehicle and investment opportunity. With all but 1,000/sqft of the office/retail and warehouse spaces leased, the property is currently producing 30k +- per month in income with fresh 3-5 year leases and quality tenants. Tenants responsible for own utilities, leases available with diligence. Owner is committed to completing all renovation and construction and is willing to act as the contractor to to build out the approx. 1ac of vacant/undeveloped land.
This property can be purchased as one complete parcel or sub divided, with the owners approval, into the existing buildings and tenants. The approx. 1ac +- of the undeveloped parcel is currently under contract as a separate sale.
Current Use
Commercial: 1
Retail: 1
Warehouse: 1
See Remarks: 1
Possible Use
Commercial: 1
Development: 1
Retail: 1
Unimproved: 1
Income & Expenses
Gross Operating Income: 354000
See Remarks: 1
Business Type
Commercial: 1
Decorator: 1
Flex: 1
Furniture: 1
General Business: 1
Mixed: 1
Professional Service: 1
Rental: 1
Upholstery: 1
Warehouse: 1
Wholesale: 1
Lot Features
City Lot: 1
Cleared: 1
Corner Lot: 1
Few Trees: 1
Landscaped: 1
Level: 1
Open Lot: 1
Rectangular Lot: 1
Levels
One: 1
Sewer
Public Sewer: 1
Commercial Features
220 Volt Power: 1
Display Window(s): 1
Dock Height Loading: 1
Door Sign: 1
Doors 10-15 Feet: 1
Dumpster: 1
Employee Restrooms: 1
Fiber Optic Available: 1
Fire Sprinkler System: 1
Loading Dock(s): 1
Frontage Feet: 330
Number of Tenants: 7
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
SBA: 1
Showing Requirements
Showing: Appointment Required
Appointment Phone: 601-624-6624
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Ceiling Height
8' - 10.9': 1
16' - 20.9': 1
31' or More: 1
Electricity Features
220 Volts: 1
Circuit Breakers: 1
Three Phase: 1
Walls - Interior
ICFs (Insulated Concrete Forms): 1
Paneling: 1
Sheetrock: 1
Wood: 1
Square Footage Description
Retail Bldg up to 2500 SF: 1
Retail Bldg 2500-5000 SF: 1
Retail Bldg Over 5000 SF: 1
See Remarks: 1
Flooring
Combination: 1
Concrete: 1
Window Features
Aluminum Frames: 1
Double Pane Windows: 1
Insulated Windows: 1
Metal: 1
Tinted Windows: 1
Expenses Include
Common Area: 1
Maintenance: 1
Taxes: 1
See Remarks: 1
Accessibility Features
Accessible Approach with Ramp: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Combination: 1
Sale Options
Under Lease: 1
Will Build: 1
Will Divide: 1
See Remarks: 1
Auction
Auction: No
Exterior Construction/Siding
Brick: 1
Metal Siding: 1
Stucco: 1
Roof
Metal: 1
Exterior Features
Awning(s): 1
Lighting: 1
Driveway Features
Concrete Drive: 1
Paved Drive: 1
Rear Entrance: 1
Parking Features
Additional Parking: 1
Concrete: 1
Front Entry: 1
Gravel: 1
Off Street: 1
On Site: 1
On Street: 1
Outside: 1
Parking Lot: 1
Paved: 1
Lighting
Fluorescent: 1
Incandescent: 1
Other: 1
Basement Features
Basement: No
Price Includes
Building and Land: 1
Available Documents
Drawings: 1
Land Survey: 1
Additional Transportation
Airport 1-2 Miles: 1
City Street: 1
Paved: 1
State Highway: 1
US Highway: 1
Property Features
Business Type: Commercial; Decorator; Flex; Furniture; General Business; Mixed; Professional Service; Rental; Upholstery; Warehouse; Wholesale
Current Use: Commercial; Retail; Warehouse; See Remarks
Possible Use: Commercial; Development; Retail; Unimproved
Commercial Features: 220 Volt Power; Display Window(s); Dock Height Loading; Door Sign; Doors 10-15 Feet; Dumpster; Employee Restrooms; Fiber Optic Available; Fire Sprinkler System; Loading Dock(s)
Ceiling Height: 8' - 10.9'; 16' - 20.9'; 31' or More
Electricity Features: 220 Volts; Circuit Breakers; Three Phase
Lot Features: City Lot; Cleared; Corner Lot; Few Trees; Landscaped; Level; Open Lot; Rectangular Lot
Location: Airport 1-2 Miles; City Street; Commercial Retail; Corner Lot; Interstate 1 Mile or Less; Paved; State Highway; Strip Mall; Urban
Levels: One
Square Footage Description: Retail Bldg up to 2500 SF; Retail Bldg 2500-5000 SF; Retail Bldg Over 5000 SF; See Remarks
Expenses Include: Common Area; Maintenance; Taxes; See Remarks
Walls - Interior: ICFs (Insulated Concrete Forms); Paneling; Sheetrock; Wood
Lighting: Fluorescent; Incandescent; Other
Flooring: Combination; Concrete
Window Features: Aluminum Frames; Double Pane Windows; Insulated Windows; Metal; Tinted Windows
Accessibility Features: Accessible Approach with Ramp
Cooling: Central Air
Heating: Central
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Combination
Listing Terms: 1031 Exchange; Cash; Conventional; SBA
Sale Options: Under Lease; Will Build; Will Divide; See Remarks
Roof: Metal
Exterior Features: Awning(s); Lighting
Driveway Features: Concrete Drive; Paved Drive; Rear Entrance
Parking Features: Additional Parking; Concrete; Front Entry; Gravel; Off Street; On Site; On Street; Outside; Parking Lot; Paved
Additional Transportation: Airport 1-2 Miles; City Street; Paved; State Highway; US Highway
Price Includes: Building and Land
Available Documents: Drawings; Land Survey
Documents
Land Survey ›
Listing Office:
Hopper Properties
Listing Agent:
Snooky Hill
Last Updated: October - 31 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.