608 Highway 51, Ridgeland, MS 39157 (MLS# 4114221)

608 Highway 51, Ridgeland, MS 39157

$3,975,000

Virtual Tour

https://www.propertypanorama.com/608-Highway-51-Ridgeland-MS-39157/unbranded

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: 2/10/2026

Overview

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 has been sold from this parcel. 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 has been sold as a separate sale.

Listing Details MLS# 4114221

General Property Information

Approx Lot Size Acres: 2.48
Approx H/C SqFt: 108029
Office Square Footage: 15950
SqFt Source: Owner
List Price/SqFt: 36.8
Divisible: Yes
Year Built: 1979
Year Built Source: Public Records
Total Floors: Yes
Bathrooms Half: 5
Accessibility Features: Yes
Property Sub Type: Retail
New Construction: No
Property Condition: Updated/Remodeled

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

Address and Location Information

Street Number: 608
Street Name: Highway 51
County: Madison
State: MS
Zip Code: 39157
Nearest Cross Street: Between Moore St and Century Place
Parcel Number: 072d-19d-090-02-00
Subdivision: Metes And Bounds
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

Listing Information

Property Sub Type: Retail
Listing Service: Full Service
Never Occupied: No

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

Commercial Features

Frontage Feet: 330
Number of Tenants: 7
220 Volt Power: Yes
Display Window(s): Yes
Dock Height Loading: Yes
Door Sign: Yes
Doors 10-15 Feet: Yes
Dumpster: Yes
Employee Restrooms: Yes
Fiber Optic Available: Yes
Fire Sprinkler System: Yes
Loading Dock(s): Yes

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required
Appointment Phone: 601-624-6624

Basement Features

Basement: No

Location

Airport 1-2 Miles: Yes
City: Yes
City Street: Yes
Commercial Retail: Yes
Corner Lot: Yes
Interstate 1 Mile or Less: Yes
Paved: Yes
State Highway: Yes
Strip Mall: Yes
Urban: Yes

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 has been sold from this parcel. 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 has been sold as a separate sale.

Current Use

Commercial: Yes
Retail: Yes
Warehouse: Yes
See Remarks: Yes

Possible Use

Commercial: Yes
Development: Yes
Retail: Yes
Unimproved: Yes

Income & Expenses

Gross Operating Income: 354000
See Remarks: Yes

Business Type

Commercial: Yes
Decorator: Yes
Flex: Yes
Furniture: Yes
General Business: Yes
Mixed: Yes
Professional Service: Yes
Rental: Yes
Upholstery: Yes
Warehouse: Yes
Wholesale: Yes

Lot Features

City Lot: Yes
Cleared: Yes
Corner Lot: Yes
Few Trees: Yes
Landscaped: Yes
Level: Yes
Open Lot: Yes
Rectangular Lot: Yes

Levels

One: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
SBA: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Ceiling Height

8' - 10.9': Yes
16' - 20.9': Yes
31' or More: Yes

Electricity Features

220 Volts: Yes
Circuit Breakers: Yes
Three Phase: Yes

Walls - Interior

ICFs (Insulated Concrete Forms): Yes
Paneling: Yes
Sheetrock: Yes
Wood: Yes

Square Footage Description

Retail Bldg up to 2500 SF: Yes
Retail Bldg 2500-5000 SF: Yes
Retail Bldg Over 5000 SF: Yes
See Remarks: Yes

Flooring

Combination: Yes
Concrete: Yes

Window Features

Aluminum Frames: Yes
Double Pane Windows: Yes
Insulated Windows: Yes
Metal: Yes
Tinted Windows: Yes

Expenses Include

Common Area: Yes
Maintenance: Yes
Taxes: Yes
See Remarks: Yes

Accessibility Features

Accessible Approach with Ramp: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

Combination: Yes

Sale Options

Under Lease: Yes
Will Build: Yes
Will Divide: Yes
See Remarks: Yes

Exterior Construction/Siding

Brick: Yes
Metal Siding: Yes
Stucco: Yes

Roof

Metal: Yes

Exterior Features

Awning(s): Yes
Lighting: Yes

Driveway Features

Concrete Drive: Yes
Paved Drive: Yes
Rear Entrance: Yes

Parking Features

Additional Parking: Yes
Concrete: Yes
Front Entry: Yes
Gravel: Yes
Off Street: Yes
On Site: Yes
On Street: Yes
Outside: Yes
Parking Lot: Yes
Paved: Yes

Lighting

Fluorescent: Yes
Incandescent: Yes
Other: Yes

Price Includes

Building and Land: Yes

Available Documents

Drawings: Yes
Land Survey: Yes

Additional Transportation

Airport 1-2 Miles: Yes
City Street: Yes
Paved: Yes
State Highway: Yes
US Highway: Yes

Documents

Land Survey ›

Blueprints/Floor Plans ›

Listing Office: Hopper Properties

Listing Agent: Snooky Hill

Last Updated: February - 10 - 2026