Property Description

Commercial lot located in The City of Ridgeland, in the area of the subject has experienced stable growth in the recent years. The Renaissance at Colony Park is a recent development located west of the subject property on Highland Colony Parkway. The Renaissance at Colony Park is an exterior-based shopping center including dining and entertainment located in a thriving area of Ridgeland, MS. Also, north of the subject about 9 miles, is the Nissan Industrial Factory that was built in 2003 and has been a key element in the employment numbers of the area. Just recently, Nissan announced that the company will construct a Nissan Supplier Park near the company's vehicle assembly factory. The new Nissan Supplier Park will support approximately 800 new jobs. A new, $16 million Madison Healthplex Performance Training Center is expected to open late 2013 or early in 2014, with a little something for everyone. The 96,000-square-foot facility currently under construction is a joint project of Mississippi Sports Medicine and Orthopaedic Center and Baptist Health Systems. Also, Marriott Townplace Suites (3 story, 96 rooms, 52,000 Sq.Ft.) and Marriott Springhill Suites (4 story, 96 rooms, 61,000 Sq.Ft.) are currently under construction in The Township at Colony Park in Ridgeland, west of the subject. Residential developments are flourishing through Madison County with residences to accommodate most levels of income. Accessibility to major entertainment, shopping, dining, and business companies have been improved in recent years by the City of Ridgeland. Interstate 55 is currently in the process of widening lanes in between Ridgeland and Madison. The subject is also in immediate vicinity of US Highway 51, which has been experiencing similar growth as the before mentioned areas around the subject. The Highway 51 corridor includes many mixed-use developments to include retail strip centers, banks, fast-food restaurants, shopping and entertainment locations. North of the subject, at t

Property Features