Office/Warehouse Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30179916
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 20,108 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $950,000
Unit Price: $47.24 PSF
Docks/Doors: 8 Docks
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2019

Overview / Comments

Sitting on +/- 1.25 acres in Ridgeland, MS along Ridgewood Rd. Payne Realty is pleased to offer this 20,108 SF office/warehouse building for sale or for lease. This property is a multi-tenant property with a 16,000 SF retail/warehouse in the rear of the building as well as a medical clinic and small office space in the front of the building. The 16,500 SF retail/warehouse space will be available for lease, it is a retail office concept and will be available for lease at $6.75/SF. This property also contains a vacant lot that fronts Ridgewood Rd. The owner will sell the entire property and would consider a lease back of 3-5 years. The owner would also consider vacating if additional space was needed. Please call Bruce Payne at 601-946-1410 or Tommy Payne at 601-940-9503 for additional information. Interior pictures to come.

Additional Details

Nearest MSA: Jackson
County: Madison
Tax ID/APN: 072I-31C-126/00.00
Highway Access: Convenient access to Interstate 55 and Highway 51
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1979
Roof Type: Flat
Construction/Siding: Metal Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,181 63,556 116,295
Median Age: 30.52 34.79 36.55
Households: 3,681 27,036 47,918


Photograph of Listing Agent

Tommy Payne, CCIM

Payne Realty Madison, MS 39110
LACDB Member
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