Ridgewood Court is aland property for lease in Jackson, MS.
Subject site was donated to a Non-Profit Foundation in 2008. It was appraised at $252,000 ($6.00 psf) and Seller reduced the asking price to $126,106 ($3.00 psf), then to $105,089 ($2.50 psf), then to $85,000 ($2.02 psf), then to $69,500 ($1.65 psf), then to $59,500 ($1.41 psf), then to $49,500 ($1.18 psf) to move from their books. The vicinity has comps from $10.50 psf to $13.45 psf and is the retail center for Northeast Jackson. The C-3 Commercial Zoning allows for a multitude of uses.
Please review the attached Brochure/Aerial Photo for further details.
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