Business HoursMon-Fri: 9PM-5PM | Sat: 9AM-1PM
Offices418 HWY 90 Waveland, MS 39576
$4,200,000
Ridgeland, MS 39157
MLS# 4114221
5 baths | 108029 sqft
1 / 62
Property 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. This property can be purchased as one complete parcel or sub divided, with the owners approval, into the existing buildings and tenants and the approx. 1ac +- of the undeveloped parcel.
Details
Maps
Documents
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
Status: Active
List Date: 2025-05-23
List Price: $4,200,000
Current Price: $4,200,000
Property Sub Type: Retail
Listing Service: Full Service
Never Occupied: No
General Property Information
Approx Lot Size Acres: 2.48
Approx H/C SqFt: 108029
Office Square Footage: 15950
SqFt Source: Owner
List Price/SqFt: 38.88
Divisible: Yes
Year Built: 1979
Year Built Source: Public Records
Total Floors: 1
Bathrooms Total: 5
Bathrooms Half: 5
Accessibility Features: Yes
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
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
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
Land Survey 
Listing Office: Hopper Properties
Listing Agent: Snooky Hill
Last Updated: September - 19 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$4,200,000
Ridgeland, MS 39157
MLS# 4114221
5 baths | 108029 sqft
1 / 62
Property 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. This property can be purchased as one complete parcel or sub divided, with the owners approval, into the existing buildings and tenants and the approx. 1ac +- of the undeveloped parcel.
Details
Maps
Documents
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
Status: Active
List Date: 2025-05-23
List Price: $4,200,000
Current Price: $4,200,000
Property Sub Type: Retail
Listing Service: Full Service
Never Occupied: No
General Property Information
Approx Lot Size Acres: 2.48
Approx H/C SqFt: 108029
Office Square Footage: 15950
SqFt Source: Owner
List Price/SqFt: 38.88
Divisible: Yes
Year Built: 1979
Year Built Source: Public Records
Total Floors: 1
Bathrooms Total: 5
Bathrooms Half: 5
Accessibility Features: Yes
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
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
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
Listing Office: Hopper Properties
Listing Agent: Snooky Hill
Last Updated: September - 19 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.