Mixed-Use Land for Sale in Ridgeland, Mississippi
608 Highway 51, Ridgeland, MS 39157
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.
Location
- Street address
- 608 Highway 51
- County
- Madison County
- Community
- Metes and Bounds
- Elevation
- 341 feet
Directions
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.
Property details
- Acreage
- 2.48 acres
- MLS #
- MGCMLS 4114221
- Posted
Property taxes
- 2024
- $5,282
Parcels
- 072d-19d-090-02-00
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
Details and features
Listing
- Type
- Residential
- Subtype
- Retail
Lot
- Features
- City Lot, Cleared, Corner Lot, Few Trees, Landscaped, Level, Open Lot, Rectangular Lot
Exterior
- Parking
- Off Street
Structure
- Stories
- 1
- Water
- Public
- Sewer
- Public Sewer
- Roof
- Metal
- Windows
- Aluminum Frames, Double Pane Windows, Insulated Windows, Tinted Windows
Interior
- Rooms
- Bathroom x 5
- Flooring
- Combination, Concrete
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 31, 2025 | Price drop | $3,975,000 | $225,000 -5.4% | MGCMLS |
| Sept 18, 2025 | Back on market | $4,200,000 | — | MGCMLS |
| Sept 11, 2025 | Under contract | $4,200,000 | — | MGCMLS |
| Aug 19, 2025 | Price drop | $4,200,000 | $500,000 -10.6% | MGCMLS |
| May 23, 2025 | New listing | $4,700,000 | — | MGCMLS |