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665 S Pear Orchard Rd
Ridgeland, MS 39157

Pear Orchard Plaza · Retail Property For Sale

Investment Highlights

  • 9.21% In-Place Cap Rate
  • 75% Occupied
  • Easy Access
  • 12.19% Pro Forma Cap Rate
  • Convenient Location
  • Ample Parking

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,483 SF
Building Class
B
Year Built
2001
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Lot Size
1.86 AC
Zoning
C-2
Parking
62 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
221 ft on Pear Orchard Rd Rd

Amenities

  • Signalised Intersection

About 665 S Pear Orchard Rd , Ridgeland, MS 39157

PROPERTY OVERVIEW Well constructed and maintained, this single story retail center on corner lot offers ample parking with easy access at a signalized intersection. Two spaces in shell condition offer tremendous upside to an already robust NOI. Current tenants include Bernina Sewing (since 2003), Pak-Mail (since 2001), M. Corley Salon and Head to Toe Therapy. LOCATION OVERVIEW Conveniently located in the shadow of Northpark, the state's largest super-regional mall, this versatile center is equally suited for national tenants seeking a location amongst others in the state's busiest retail corridor as well as locally owned and operated businesses searching for strong, residentially developed areas. Adjacent to and north of the capital city, the City of Ridgeland is convenient to the largest metropolitan area in Mississippi while offering some of the state's finest shopping, dining, arts and entertainment. Ridgeland has been named Tree City USA, Bronze Level Bicycle Friendly Community and one of the 100 Best Places to Live by MONEY magazine.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
072I-31A-053-03-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£127,577
  • Listing ID: 15028311

  • Date on Market: 30/01/2019

  • Last Updated:

  • Address: 665 S Pear Orchard Rd, Ridgeland, MS 39157

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