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

608 Highway 51, Ridgeland, MS 39157

$2,850,000
Property Type: Commercial Sale Square Footage: 108,029 Lot Size (sq. ft.): 108,029 Status: Closed
Current Price: $2,850,000 List Date: 9/17/2025 Last Modified: 7/31/2026

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
32.39
Year Built Known
No
Divisible
Yes
Year Built
1979
Year Built Source
Public Records
Total Floors
Yes
Bathrooms Half
5
Accessibility Features
Yes
Property Sub Type
Retail

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

Status Change Info

Contract Date/Pending Date
2026-06-05
Closing Date
2026-07-31
Sold Price/SqFt
26.38

More Information

Commercial Features

Frontage Feet
330
Number of Tenants
7

Auction

Auction
No

Showing Requirements

Showing
Appointment Required
Appointment Phone
601-624-6624

Basement Features

Basement
No
Listing Office: Hopper Properties
Listing Agent: Snooky Hill
Source MLS Verified
Last Updated: July - 31 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.