5846 Ridgewood Road, Jackson, MS 39211
$325,000
Property Type:
Commercial Sale
Square Footage:
15,456
Status:
Closed
Current Price:
$400,000
List Date:
10/24/2018
Last Modified:
11/19/2024
Description
5846 Ridgewood Rd provides an excellent investment opportunity to purchase a high cap rate office/retail complex with tenants in place and additional upside potential. This nicely maintained property features four stand-alone multi-story buildings. Home to various long term professional users throughout three of the buildings, the property offers an opportunity for stable cash flow. The fourth building is vacant and in need of restoration which provides additional upside and income potential for the property. Financials and additional information available upon request.
More Information MLS# 1314113
Address and Location Information
Parcel Number: 737-545-7
Street Number: 5846
Street Name: Ridgewood
Street Suffix: Road
County: Hinds
State: MS
Zip Code: 39211
Location
Freestanding: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2018-10-24
List Price: $400,000
Current Price: $325,000
Property Sub Type: Office
General Property Information
Property Sub Type: Office
SqFt Source: Appraiser
List Price/SqFt: 25.88
Approx H/C SqFt: 15456
Tax and Financial Information
Leasehold Y/N: No
Remarks & Miscellaneous
Public Remarks: 5846 Ridgewood Rd provides an excellent investment opportunity to purchase a high cap rate office/retail complex with tenants in place and additional upside potential. This nicely maintained property features four stand-alone multi-story buildings. Home to various long term professional users throughout three of the buildings, the property offers an opportunity for stable cash flow. The fourth building is vacant and in need of restoration which provides additional upside and income potential for the property. Financials and additional information available upon request.
Status Change Info
Sold Price/SqFt: 21.03
Contract Date/Pending Date: 2019-07-07
Closing Date: 2019-07-09
Current Use
Retail: 1
Business Type
Retail: 1
Sewer
Aerobic Septic: 1
Cesspool: 1
Engineered Septic: 1
Holding Tank: 1
Mound Septic: 1
Septic Needed: 1
Shared Septic: 1
Unknown: 1
See Remarks: 1
Commercial Features
Door Sign: 1
Listing Terms
Cash: 1
Conventional: 1
Showing Requirements
Showing: Appointment Required
Foundation Details
Concrete Perimeter: 1
Slab: 1
Exterior Construction/Siding
Brick: 1
Available Documents
Appraisal: 1
Brochure: 1
Property Features
Business Type: Retail
Current Use: Retail
Commercial Features: Door Sign
Location: Freestanding
Sewer: Aerobic Septic; Cesspool; Engineered Septic; Holding Tank; Mound Septic; Septic Needed; Shared Septic; Unknown; See Remarks
Foundation Details: Concrete Perimeter; Slab
Listing Terms: Cash; Conventional
Available Documents: Appraisal; Brochure
Listing Office:
Overby, Inc.
Listing Agent:
Sterling McCool
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.