101 W Washington St | Ridgeland, MS 39157
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101 W Washington St
Ridgeland, MS 39157
Ridgeland City Market · Office Property For Sale
Investment Highlights
- Highly visible. Located on a major thoroughfare that sees 19,000 vehicles per day.
- Nearby walkable commercial amenities.
Executive Summary
101, 103, and 105 West Washington Street, a fully leased coworking and office complex located in Ridgeland City Market in Ridgeland, MS. We are pleased to present the unique opportunity to acquire this building in the heart of the Ridgeland, MS Submarket. The property consists of approximately 26,235 sf of conditioned office space located on a major Mississippi thoroughfare with nearby walkable commercial amenities. The property represents an attractive opportunity for owner-occupants, investors, and developers alike. The current zoning provides a buyer with an endless amount of options and potential uses for the existing asset.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
26,235 SF
Building Class
B
Year Built
2005
Price
$4,500,000
Price Per SF
$172
Cap Rate
8.60%
NOI
$387,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,118 SF
Building FAR
0.33
Lot Size
1.81 AC
Zoning
C - Commercial
Parking
30 Spaces (1.14 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 072D-19D-046-01-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $93,269 |
PROPERTY TAXES
Parcel Number
072D-19D-046-01-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$93,269
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